A company purchase 20 years old ship in the FY 2014-15. The useful life of the ship as per the Schedule II is 25 years.
What is the useful life of the ship in the purchasing company 5 years or 25 years?
Menu
Remaining useful life of the asset
Replies (1)
5 years.
Recent Topics :
- Understanding where manual effort goes in audit wo
- Scanned purchase bills to Tally XML with GST check
- TDS applicability of foreign remittance to Oracle
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
Related Topics :
CAclubindia
