Write off assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 March 2015
we have capitalised some software on which depreciation has been claimed @ 20 % for 2 years , now this software is redundant and is of no use and can be write off in a full.
please advise can we do that
we have capitalised some software on which depreciation has been claimed @ 20 % for 2 years , now this software is redundant and is of no use and can be write off in a full.
please advise can we do that
CMA Ramesh Krishnan
(Expert)
15 March 2015
Incase of asset not having any further use of the business you can write off full with approval of management
Rupesh Jain
(Expert)
17 March 2015
YOU CAN WRITE OFF WITH MANAGEMENT APPROVAL
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