Ipcc
This query is : Resolved
28 November 2011
if any assets is purchases on apporval basis can we charge deperication on such assets?
please reply me
please reply me
29 November 2011
How can you charge a asset not belonging to you ? When an asset is under approval mean the ownership is transferred. Depreciation can be charged on the asset owned and used in carryout of business / profession.
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