Transfer of movable asset
This query is : Resolved
20 February 2014
Mr.x is employed with
LTD.
His son is allowed to use a motor cycle belonging to the company .The company had
purchased this motor cycle for rs 60000 on 1.5.2009.The
motor cycle was finally sold to him on 1.8.2013 for rs 30000.
For calculating depreciation whether completed years 3 or
4
20 February 2014
dep fr 2013 will be only half as used less thn 180 days...so take for 3 years then for 6 months only.
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