Very very urgent
This query is : Resolved
25 June 2013
HI
IF WE HAD TRANSFERED FIXED ASSETS FROM ONE BRANCH TO ANOTHER BRANCH IN FINANCIAL YEAR 2012-13 (SUPPOSE IN THE MONTH OF FEBRUARY 2013) THEN HOW TO PUT DEPRECIATION ON THAT ASSETS IN BOTH BRANCHES ?
IF WE HAD TRANSFERED FIXED ASSETS FROM ONE BRANCH TO ANOTHER BRANCH IN FINANCIAL YEAR 2012-13 (SUPPOSE IN THE MONTH OF FEBRUARY 2013) THEN HOW TO PUT DEPRECIATION ON THAT ASSETS IN BOTH BRANCHES ?
25 June 2013
THE BEST WAY IS TO ALLOCATE THE DEPRECIATION IN THE PROPORTION OF NO OF DAYS , THE ASSET HAS BEEN USED IN EACH BRANCH DURING THE FY.
26 June 2013
Completely Agree with Paras Sir.
26 June 2013
paras sir thank you very much but can u please let me explain more clearly suppose building of 1000000 rs has been transfered from head office to delhi office on june 23,2013 then how would u calculate the depreciation in the books of both ?
26 June 2013
Total No of Days in a year =365.
Building used by HO for 30+31+23=84 days
.
Let the rate of depreciation be @ 10%.
Annual Depreciation =100000
.
Dep Allocable to HO =84/365x100000
= 23014
.
Balance allocable to Delhi Branch = 76986.
.
Building used by HO for 30+31+23=84 days
.
Let the rate of depreciation be @ 10%.
Annual Depreciation =100000
.
Dep Allocable to HO =84/365x100000
= 23014
.
Balance allocable to Delhi Branch = 76986.
.
14 September 2014
thanks paras sir :)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Non filing of I T Returns
- UDIN ISSUE
- SALARY CAN BE CAPITALIZE
- TDS on purchase of under construction property from a reseller
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
