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Depreciotion on assets where not installed /put to use

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 July 2013 Dear Experts,

Please confirm is depreciation could be claimed on generators, AC etc even though assets has not been installed.

I.e assets has been purchased during 12-13 but installation has not done till 31 Mar,13.

We are a company maintaining books as per Companies Act.

Regards
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
08 July 2013 if it is not installed then it was not ready to use and not used also.
in my view no depreciation should be provided for 12-13 FY.
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Ganeshbabu K

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Ganeshbabu K (Expert)
08 July 2013 If installation not completed it cannot be depreciated and it is treated as capital work-in-progress
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