Hii good morning
If I buy machine for 10,000,00/-
From Government I have received subsidy RS. 2,00,000/-
Now I have to Book depression
At what amount I have to calculate depreciation on 8,00,000 or on 10,00,000/-
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Depreciation after government subsidies
Replies (4)
Depriciation after subsidy is eligible for allowable expenditure
What is status, Company, Firm , LLP , or any other ? please clarify.
Tell me both for proprietary and pvt Ltd
For Sole proprietorship you have to refer AS 12 (Accounting for Govt grants) & For Company you have to refer IND AS 20 ( Government grants & disclosure) .
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