Vehicle purchase and debit note for depreciation calculation
This query is : Resolved
Quick Summary
23 May 2023
i am buying a truck worth 28 lakh, the dealership issued invoice for 33 lakh and then raised credit note of 5 lakh, so my question is should i take depreciation on 33 lakh or 28 lakh.
CA R SEETHARAMAN
(Expert)
23 May 2023
It's debit note or credit note.
The payment is for 28 lacs then charge depreciation on 28 lacs
The payment is for 28 lacs then charge depreciation on 28 lacs
Message likes :
1 times
23 May 2023
it's credit note from dealership side, also, payment made is 1lakh and remaining done by financer.
CA R SEETHARAMAN
(Expert)
24 May 2023
I thought it's credit note.
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