Depreciation
This query is : Resolved
Querist : Anonymous
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
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..
regarding syntax water tank..you can add it under the head furniture..
Querist : Anonymous
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
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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