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Depreciation

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8 Points Posted on 17 October 2020
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.
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On 17 October 2020 at 17:39 Report
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61 Points Posted on 17 October 2020
At purchased cost not first cost.
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On 17 October 2020 at 19:42
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8 Points Posted on 17 October 2020
Thank you
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On 17 October 2020 at 20:00
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Tax consultant
5895 Points Posted on 17 October 2020
The cost at which you buy
57 Reply
On 17 October 2020 at 23:23
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8 Points Posted on 18 October 2020
Thank ayusmita
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On 18 October 2020 at 08:06


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