Regarding depreciation

Dear Sir/Madam,

I have a quiry regarding depreciation to be calculate.

 

Ex: We purchased an Aircooler for office use on 1/5/2017 (date of invoice) and installed on 20/05/2017 & started to sue on same day.

So, please clarify from when we need to consider the depreciation. (I.e date of purchase or date of installation.)

Please do the needful.

 

With advance thanks 

Pradeep  

Replies (3)

date when the aseet is put to use i.e. 20 May 2017.

Date of purchase only wef. Depreciation
Paper are imp. So use purchase date

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