Computer is purchased on 1may 2010. and is to be transferred as fixed asset for business use on 1.4.2012....
What will be its cost?
Will it be before depreciation or after deducting depreciation?
Computer is purchased on 1may 2010. and is to be transferred as fixed asset for business use on 1.4.2012....
What will be its cost?
Will it be before depreciation or after deducting depreciation?
It should be after deducting depreciation.
But wait for others to reply.
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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V.K. Ranjan & Co(Chartered Accountants)
New Delhi
B.Com
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CAclubindia
