Depriciation
This query is : Resolved
Soumit Roy
(Querist)
30 July 2012
If, We have not used our Plant & Machinery in the F.Y.2011-12. Is it necessary to provide depriciation?
Dintakurthi Tirumala
(Expert)
30 July 2012
As-6 Depreciation accounting permits depreciation even though assets not used during the year.
According to the AS-6 Depreciation accounting depreciation would be charge and allowable event though the assets not used during the year.
OM SAI SRI SAI JAI JAI SAI
According to the AS-6 Depreciation accounting depreciation would be charge and allowable event though the assets not used during the year.
OM SAI SRI SAI JAI JAI SAI
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SANYAM ARORA
(Expert)
30 July 2012
Yes you need to charge Depreciation even if it has not been used
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