Deprication
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 August 2016
Company can claim depriciation on vehichle if the vhicle is register in the name of director and loan also repay by director
17 August 2016
No. That is not correct. The asset should be owned by the company in order to claim the depreciation.
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