On what rate depreciation is charged?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 August 2014
A(first person) purchase second hand asset cost R.s 1000000. WDV of asset in the book of seller is R.s 800000 . Depreciation to be charged by purchaser on Rs. 800000 or R.s 1000000 ?
06 August 2014
Depreciation to be charged by Purchase on his purchase cost of Second Hand Asset.
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