Hello...
if we purchase a new Car ...of Amt Rs 86Lac ( 76 Lac Car Value Incl GST + 10 Lac (Road Tax Incl GST)
How will we Calculate depreciation as per Companies Act...
Depreciation will Charged on Complete Value or not???
If on taxable value .. road Tax include in depreciation
Regards
Himanshu
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DEPRECIATION ON NEW CAR DEP
Replies (1)
Asset value= all taxes plus cost. Depreciation is every year
cost minus accumulated depreciation
or
carrying amount minus current year depreciation
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