Hi All of you,
I hv a doubt regarding Depriciation as per companies Act ple clarify it.
As per Companies Act how to calculate Depriciation On Aditions during the year?
calculated including days also or before six months and after six
Thanks & Regards..
As per companies act, depreciation is calculated on the basis of no. of days used in a year.
if u purchased asset on 1.5.08 then u will claim depreciation from 1.05.08 to 31.03.09
AGREED WITH MR. MANISH
Thanks fr ur valuable Ans.........
CAclubindia
