2nd hand assets and deprecation
This query is : Resolved
08 July 2011
If a settlement done with customer/vendor/ other, in this settlement some 2nd hand fixed assets come in company
In this case where purchase not don but in consideration 2nd hand fixed assets added in company, can we treat as purchase of assets and charge the deprecation.
In this case where purchase not don but in consideration 2nd hand fixed assets added in company, can we treat as purchase of assets and charge the deprecation.
08 July 2011
YES U CAN CHARGE THE DEP ON SECOND HAND ASSETS
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