Depreciation - straight line method
This query is : Resolved
23 June 2012
If the asset is purchase on 30th of March whether depreciation is calculate for 365 days or 180 days in straight Line Method ?
Please advice.
Please advice.
23 June 2012
Under Companies Act, depreciation shall be charged for the NUMBER OF DAYS for which the asset was used.
Accordingly, depreciation shall be calculated for 2 days.
Accordingly, depreciation shall be calculated for 2 days.
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