Depreciation reduced from current year depreciation
This query is : Resolved
21 April 2008
Dear Experts,
We reduced the dep from current year dep. already claimed when the Vehicle is sold. Why it is done like that? If we reduced from current dep. then how we will be benefited? Earlier we claimed now we are reducing the same. Please explain the provisions that applies here in detail.
Thanks in advance,
Shashi
We reduced the dep from current year dep. already claimed when the Vehicle is sold. Why it is done like that? If we reduced from current dep. then how we will be benefited? Earlier we claimed now we are reducing the same. Please explain the provisions that applies here in detail.
Thanks in advance,
Shashi
05 May 2008
I don't think we reduce the dep. in a way you mentioned. you should claim the dep. till the date of sales of asset. (as per company act)
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