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Regarding depreciation

Radhe Shyam (Article)     07 September 2018

Radhe Shyam
 7 likes  111 points

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Hello sir,
A partnership firm having 3 partner but the partnership firm was dissolved on 10-03-2018 and one partner continue the firm as proprietorship,my question is whether the partnership firm can claim depreciation on CAR which was transfer to proprietorship firm.only CAR as a fixed assets stands in partnership firm book on 10-03-2018


Jatin (Accountant)     07 September 2018

 247 likes  3423 points

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Yes, you can claim depreciation till 10.03.18

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