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Depreciation

This query is : Resolved 
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(Querist)
13 March 2012 We purchased one asset and it has
not been used but it destroyed in this case should we depreciate or not?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
13 March 2012 For Destroyed asset cannot claim depreciation. need to debit loss on fixed asset directly

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