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Loss on sale of car
Started new business and brought own car into d same. Said car sold at value below WDV. No depreciation claimed yet. Can i account Loss on sale of Car in P/L and claim deduction.
Replies (1)
Dear
If you calim Depreciation (which is supposed to be provided) will it not lead to Profit on sale of Car.
Any Asset purchased in the name of the company Porift ot Loss to be accounted at the time of disposal.
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