Menu
Depreciation
if a second hand capital asset is purchased by an entity. the purchasing entity will charge depreciation on the cost on which it has purchased or at cost purchased by the first entity? please explain.
Replies (4)
At purchased cost not first cost.
Thank you
The cost at which you buy
Thank ayusmita
Recent Threads
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
Related Threads
CAclubindia
