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Depreciation claim
we purchase bike for personal use can we claim depriciation in our propriter firm
Replies (6)
Depreciation can be only if the asset is used for business,
for personal asset depreciation cannot be claim
for personal asset depreciation cannot be claim
Also Invoice of bike should be in the name of Business , then only you can show asset (Bike) of business. in Balance sheet
No you cannot claim depreciation on saj bike as it is used for personal use not for business purpose
Its show as a drawing nd bike in properitor firm
No you can't claim
Thanks to all
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