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 ?
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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.
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