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 Threads
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
Related Threads
CAclubindia
