As an accountant, on which price should I calculate depriciation on second hand computer system purchased for IT company? How to determine remaining useful life for second hand computer purchased ?
Menu
Depriciation on second hand computer system in it company.
Replies (3)
You can claim or compute depreciation on your purchase price of the asset plus instalation charges if any
Thank you very much sir..
But how to determine remaining useful life for second hand computer purchased for depriciation purpose?Is there any specific rules?
Thank you very much sir.
Recent Threads
- Please advice what itr to file for AY 2025-26
- Reporting Capital Gains of NRI in ITR
- Gratuity income as salary income on AIS portal. Is
- 80C deductions not being allowed in ITR2 for old r
- Unable to submit ITR 1 return
- Direct Tax(Income from Salary)
- Income from House Property or Business
- 44ADA Business code 14005
- How to rectify Form 67 that is already submitted
- Which year to consider for Property tax if sold af
Related Threads
CAclubindia
