Claiming Depreciation ??

Last year a plant & Machinery has been purchased and Depreciation Claimed for the financial year 2019-20. In financial year 2020-21 for the first 7 month there is a problem and it hasn't been used . According to law can i claim full depreciation or half depreciation or none??

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Nithish Kumar

Rama chary Rachakonda

Written down value method is decline in book value of asset.If plant and machinery is depreciated by WDV then business will get to know exact condition of asset on that particular date. and also business can plan accordingly.

Giridhar S Karandikar

CA. Sourav Sarkar

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