A vehicle sold this year which w
as purchased in 2016 no depreciation charged on that in books till date so should depreciation be charged on that now for the purpose of calculating profit or loss. what is the treatment of this in books. thanks
Menu
Depreciation on vehicle sold
Replies (1)
if held for disposal, no need to charge depreciation for that period.
2016- starting of Held for disposal period-> depreciate
Start of held for disposal period- disposed-> no depreciation
Recent Threads
- Applicability of Presumptive income scheme u/s 58
- Jan viswas 2.0
- How to reply on show cause notice for imposing pen
- GST Place of Supply - IGST/CGST
- FILING ADT-1
- A Word of Caution: The Sudden Rise of Suspicious &
- Issuance of 51% stake to investor by 2 years seafo
- Companies act Section 252. Appeal to Tribunal
- IMS action related questions
- Building a tool to simplify client document collec
Related Threads
CAclubindia
