Fix asset
This query is : Resolved
namrata rane
(Querist)
07 July 2014
if asset is installed in 12-13 bt full payment is made in 13-14..dep wil start from which year
07 July 2014
Depreciation will start from the date when such Asset is put to use irrespective of date of payment.
Rupesh Jain
(Expert)
08 July 2014
depreciation will start in which year assets staring to use.
Vishnu Saboo
(Expert)
16 July 2014
from the date of put in use the FA, but if payment to party is not made as per capitalization amount, i.e. you have capitalize it with full invoice value, but at the time of payment you deducted any sum, then you have to reduce your capitalization with that sum.
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