Regarding Depreciation
This query is : Resolved
29 January 2010
Dear Expert,
Please help me in this regard.
we have been using a machinery from 5 years, but in this year we have used only for 6 months and for the rest of the period it is idle.
in this situation do we have to calculate depreciation for the entire one year?
by
raj
Please help me in this regard.
we have been using a machinery from 5 years, but in this year we have used only for 6 months and for the rest of the period it is idle.
in this situation do we have to calculate depreciation for the entire one year?
by
raj
30 January 2010
if use for more than 180 days then calculate depreciation for the entire one year other wise it will be calculated at 50% of Depreciation rate means half of depreciation which will be chared if ,machine used for full year.
01 February 2010
better claim for full year, above are applicable in case of new assets only
01 February 2010
yes, claim for full year 180 days is applicable for new assets purchase and put to use for first time in p/y.
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