Dear Sir,
We have purchased second hand machinery after it had been utilised for 15 years by the previous owner.
How much useful life should be show for the said asset in our books since it is second hand machinery as per companies act 2013?
Please advice
Gowra Ventures Pvt Ltd
Hyderabad
CA
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Jawahar and Associates Chartered Accountants
Hyderabad
CA Inter
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