Depreciation Accounting During Lockdown

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1238 Points Posted on 17 July 2020
Dear Friends,

How do we account Depreciation during lockdown period?
If we avoid to accounting the depreciation during lockdown period, then already calculated FA closing date will be affected.
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On 17 July 2020 at 20:23 Report
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Quick Summary
This discussion addresses the accounting treatment of depreciation during lockdown periods. The consensus is that depreciation should continue to be accounted for as usual, even during a lockdown. Failing to do so could impact fixed asset closing dates and disrupt accounting periods. The key is to maintain the existing depreciation method without alteration.

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"Do the Right Thing...!!!"
128157 Points Posted on 18 July 2020
No more changes in the accounting periods. You will provide depreciation as per depreciation method...
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On 18 July 2020 at 00:03
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1102 Points Posted on 19 July 2020
There is no change in depreciation method,
same depreciation method are applied as done from earlier
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On 19 July 2020 at 15:48
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CMA
195 Points Posted on 20 July 2020

As per my knowledge there is no change in depreciation method.

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On 20 July 2020 at 13:25
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1238 Points Posted on 20 July 2020
Thanks To You All
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On 20 July 2020 at 21:36

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