Menu
About Depreciation
is it compulsory to charge depreciation on assets?
Replies (6)
Yes...
why
to arrive at the true book value of the asset. the value of the asset keeps on decreasing yoy because of its use.hence dep shud be charged to know it's correct value.
in terms of section 32 explanation 5 it is compulsory.
You can not charge cost of asset to expenses on the date of acquisition itself in terms of matching concept of accounting as well
I agreed to Mr CA Mayur Todmal..
refer as 10
Recent Topics :
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
Related Topics :
CAclubindia
