Can we stop charging depreciation

can we stop charging depreciation on a fixed assets
what are the situation when one can stop charging it ?
Replies (4)
Quick Summary
This discussion explores the circumstances under which charging depreciation on fixed assets can be halted. While depreciation generally continues even during idle periods or overuse, specific situations like an asset being classified as 'held for sale' due to disposal are exceptions. The conversation also touches upon alternative depreciation methods, such as the units of production method, which might influence perceptions about stopping depreciation, especially when the business operates as a going concern.

Held for sale classification during the period of disposal of asset. Apart from that, asset is depreciated even during it's idle time and depreciated more during overshift.

Not necessarily

Using the units of production depreciation is why you might be thinking the above might not be the necessary reasons enough to stop depreciation.  Here as well the business is a going concern. 

Ok suppose depreciation is charged on a fixed assets on straight method say ₹1 lac /year if the machine is overused during a year how it is recorded ??

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