Depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 May 2011 Hi

Please tell me whether depreciation is to be calculated( both days inclusive ) i.e date of purchase and closing date or exclusive of one day.

Also tell me that we have purchased a Syntax Water Tank .....how should i Depreciate the same .. under which head .. and what depreciation rate is to be affixed

Kindly help

26 May 2011 date of purchase is to be included

regarding syntax water tank..you can add it under the head furniture..


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Querist : Anonymous

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Querist : Anonymous (Querist)
26 May 2011 Thanks

For ex if an asset is purchased on 31.03.2010, then we have to calculate depreciation for one day only for financial year 2009-2010.???

and if an asset is purchased on 30.03.2010, then we have to calculate depreciation for two days ???

Kindly help


05 June 2011 Both days inclusive and for syntax is is depend on facts



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