IF a company buy a computer on today, but not transferred the computer to concerned person who will be the end user of such computer and store it in his store room for 3 months, after 3 months he transfer the computer to concerned person, so, depreciation should be calculated from which date whether from end of 3 months or from buying date, FOR ACCOUNTING PURPOSE. please give me justification as per AS 6.
Menu
DEPRECIATION ON COMPUTER
Replies (3)
Hi Ajay,
Pls refer the attached file for reply.
Forgot to mention in the attachment, that as per situation 2 ie Effluxion of time,Depreciation is charged
thanks Mr. Asheesh Seshadri
WIth the reference of AS-6 Dep. should be charged when the asset from the date of purchase but if we move towards the income tax act, we should also considered when the asset has put to use.
Recent Topics :
- One time commission filing in ITR2
- 600128 HSN rate
- Social Security benefit from US by resident
- E-way notices
- Itr form for Salary income, Interest, Dividend And
- Will my TDS be deducted as NRI?
- PENSION ARREAR RECEIVED - EPS 95 SCHEME
- Processing of Form 144 (prev 27Q)
- Capital Gain on sale of Vacant Land- Whether Demol
- Hello dear I want help .
Related Topics :
CAclubindia
