Poonawalla fincorp
Poonawalla fincorp

Depreciation

This query is : Resolved 

01 March 2012 For example a bill shows Jet printer qty1*10000 and modem qty 1*500. total Invoice is 10500/- In this case can depn on qty 1*500 can be claimed 100% as per companies act since the cost is <5K. and chrge normal depn rate on qty1*10000.

07 March 2012 it can be claimed, since these are two different items you may need not capitalize because two different items are shown in the same invoice. Different depreciation treatment can be followed.



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