Fixed assets
Querist : Anonymous
A Assessee buying a vehicle in accounting to Fixed Asset.
Vehicle Cost = 500000
Tax Rate = 72500
Fittings Cost = 100000
Total = 6,72,500/-
My questions are,
Which is Fixed asset amount?
If total amount (672500) or Vehicle Cost (500000) or Vehicle & Fittings (600000)
Thanks & Regards
P M RAJA
Querist : Anonymous
Thank you for your reply...
please explain one more, If I account the total amount Rs. 672500 to fixed asset. Then we calculate depreciation in Rs.672500... Am I right Sir..,
Querist : Anonymous
Thank you Very Much
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