Depreciation
This query is : Resolved
26 June 2011
1) Company purchase a machine , the purchase price includes Machine value + Excise duty + CST + Freight.
please inform me the depreciation should be charged on the basic machine value or the total bill value .
2) Manufacturing company purchase a machine ,but production will be started after 3 months. Company has a two factory , the machine purchase for new factory.
What will be the depreciation .
please inform me the depreciation should be charged on the basic machine value or the total bill value .
2) Manufacturing company purchase a machine ,but production will be started after 3 months. Company has a two factory , the machine purchase for new factory.
What will be the depreciation .
26 June 2011
1) on the capitalized value the depriciation is available, it may be with freight or without freight.
2) depriciation available from the date of 1st trial production date.
2) depriciation available from the date of 1st trial production date.
27 June 2011
1) Depreciation will be charged on total invoice value +freight, paid if any - cenvat credit on capital expenditure taken, if any
2) Depreciation will be available from the date machinery will be ready to use/put to use.
2) Depreciation will be available from the date machinery will be ready to use/put to use.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Disallowance of Section 43B(h) to sez units
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
