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Depreciation

11 December 2017

If the employee purchased the laptop and half of the amount is reimbursed by employer. whether that employer can treat it as company property and Accordingly claim depreciation?

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7 Replies

RAJA P M ("Do the Right Thing...!!!") (127160 Points)
Replied 11 December 2017

If the bill is employee name then no....

Sarath Rajendran (Nil) (2791 Points)
Replied 12 December 2017

if the bill raised in the name of employee depreciation can't claimed by the company becasue employee is the owner .

Neha Mittal (240 Points)
Replied 12 December 2017

then the reimbursed amount can be claim as expense by company?
@ raja @ sarath

RAJA P M ("Do the Right Thing...!!!") (127160 Points)
Replied 12 December 2017

As per my view., The Laptop is employee name and it's not on company. The amount is refundable then no more questions. But, not... It's treated as Gift... Company can't avail it's reimbursement.