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assume we have taken a assest on 20/02/2010,then can we
charge depreciation for a whole finacial year?
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Answer Posted / yash
no
bcs ur assets purchases days less then 180 days
in this case depreciation charged half rate of depreciation
for the 365 days
for examples
furniture value = 20000, depreciation rate is =15%
if our asstes purchase days less then 180 days
20000*7.5/100=1500 Rs
depreciation charged
ok if found any error pls tell me
thanks
| Is This Answer Correct ? | 12 Yes | 1 No |
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