Depreciation on sold assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 August 2011
Please suggest me if we Trancfer a machine to our other unit in 05/06/2011 and unit receive the machine at 07/07/2011.
Then at the time of finalisation of Balance Sheet as on 30/06/2011 who is charge the depreciation in our books ?
Then at the time of finalisation of Balance Sheet as on 30/06/2011 who is charge the depreciation in our books ?
Guest
Guest
(Expert)
23 August 2011
the previous unit will charge depreciation. transfer is not complete until the material is recieved it.
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