Hi Freinds,
Can anybody pl help me in the foll. issue:
The fixed asst was purchased, the invoice date is 6th June 09 while the posting date i.e. the date on which the asset was entered in the books was 15th July.
Which date should we consider for the depreciation calculation? Also reply for the situation if the dates are reveresd?
For depreciation, the date to be considered is INSTALLATION DATE of asset......
| Originally posted by : D н ! я σ √ | ||
 |
For depreciation, the date to be considered is INSTALLATION DATE of asset...... |  |
Dhiraj is BANG ON........................
Tes... Dhiraj is right...
Thanx Amir & Vivek....
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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