09 November 2009
I am preparing haly yearly bal what depreciation should i charge it is for full or half what i mean if my asset cost is 100000 and dep. rate is 10% it comes 10000 so, should i charge 10000 or 5000 please guide me thanking you
10 November 2009
if the asset is ready for commercial use as at the beginning of the period (in case of new asset) or already in use (old asset)then half years depreciation will be charged.
CAclubindia
