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Regarding deposit for rent

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 August 2014 we have paid deposit for taking a building on rent that will not be recovered within a year of the balance sheet.My query is,can we show this kind of deposit as a fixed assets and charge depreciation on the same?
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Rupesh Jain

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Rupesh Jain (Expert)
08 August 2014 it show under laon & advance assets side.

it is not the Fixed assets so depreciation not applicable.
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