If I miss to record the asset
then same asset we can record in next year
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LATE RECORD OF ASSET
Replies (3)
Quick Summary
Yes. But depreciation benefit will be available only when asset is purchased and recorded in books. For remaining life of asset.
Eg if you record assest in 2nd year for 5 year life of asset, you will get benefit of claiming depreciation for 4 years only and not for 5 years
Yes. But depreciation benefit will be available only when asset is purchased and recorded in books. For remaining life of asset.
Eg if you record assest in 2nd year for 5 year life of asset, you will get benefit of claiming depreciation for 4 years only and not for 5 years
Agree with swati madam
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