If cost of fixed asset is rs.15000 and its payment is done in cash in two different dates of rs.9000 and 6000.. in this case, cash limit of rs 10000 is followed but total cost of fixed asset is paid in cash then in that case whether depreciation allowed or not...
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Depreciation on fixed asset
Replies (2)
Ofcourse depreciation wud be allowed. Enitire 15000 wud be considered as actual cost.
it is considered cost what for depreciation purpose it is not allowed...
i need the confirmation...any notification etc...
i need the confirmation...any notification etc...
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