Related to depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 April 2013
A COMPANY PURCHASE ON MACHINERY ON 6-2-2013
BUT MACHINERY IS INSTALLED ON 15-2-2013. HOWEVER COMPANY IS CHARGED ON DEPRECIATION ON THE DATE OF PURCHASE IRRESPECTIVE OF DATE OF INSTALLATION SO PLEASE ADVICE COMPANY IS CHARGE DEPRECIATION IS RIGHT AR WRONG.
BUT MACHINERY IS INSTALLED ON 15-2-2013. HOWEVER COMPANY IS CHARGED ON DEPRECIATION ON THE DATE OF PURCHASE IRRESPECTIVE OF DATE OF INSTALLATION SO PLEASE ADVICE COMPANY IS CHARGE DEPRECIATION IS RIGHT AR WRONG.
CMA Ramesh Krishnan
(Expert)
06 August 2013
Depreciation need to charge from the date of put in to use. so after installation depreciation can be charged
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