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Querist : Anonymous

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Querist : Anonymous (Querist)
07 June 2013 whether we should provide depreciation on that building when the operations from business have been discontinued from few years ago???
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Vivek Hebbar

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Vivek Hebbar (Expert)
08 June 2013 Depreciation is diminution in the value of assets due to wear and tear or efflux of time. Hence, building has to be depreciated even if operations are discontinued.
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