DEP ADJUSTMENT

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 December 2010 DEAR SIR
I AM WORKING IN A CONSTRUCTION FIRM LAST SIX MONTH WE DON’T HAVE ANY PROJECT . NOW THE PROBLEM IS WE HAVE SIX HEAVY VEHICLES AND WE WANT TO MAKE MAINT ANANCE OF THIS VEHICLE,AND I WANT TO MAKE DEPRECIATION ALSO
Q THE MAINT COST WILL AFFECT DEP CALCULATION OR NOT
Q1, THIS MAINT COST WHERE WE WILL CHARGE
Q2, THE MAINT COST WE WANT TO DEDUCTED FROM ORGINAL VALUE OF THE VEHICLE OR NOT. PLEASE GIVE ME THE ADVICE .
PLEASE GIVE ME THE ENTRY ALSO.

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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29 December 2010 Q no

Q 1 Repair and maintenance

Q 2 No

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

29 December 2010 DEAR SIR
WE DON'T HAVE ANY PROJECT TO CHARGE THIS EXPENSES THAT MEANS WE WILL CHAGRE TO REPAIR AND MAINT UNDER GENERAL EXPENSES.
IS IT RIGHT

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