Depreciation under Companies Act

Others 2062 views 4 replies

I want to know whether depreciation is to charged or not on assets kept in dismantled condition for a temporary phase under Companies Act.

Replies (4)

it depends on the situation, just elaborate it more.

For charging Depreciation as per Companies Act, 1956 to calculate depreciation for particular number of days; Which date we have to consider Purchase Date i.e. Invoice Date or Put to Use Date to Year end Date?

sir,

i am working with pvt ltd comapny which was recently floted in pvt ltd company from a firm, now my question is that the deperciation calculated at the yera end is to be cahrged to asset or to keep in deperciation reserve

Dear Ankur,

 

You have to consider put to use date not purchase date.


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