Depreciation on asset earlier used for business purpose

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 March 2018 If for 1st 5 years i was using an asset for business purpose and was charging depreciation on it. but now it is not used for business purpose, so will depreciation be charged?

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 April 2018 Waiting for an expert reply?

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Guest (Expert)
07 April 2018 Have you converted it into personal asset or disposed off?


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Querist : Anonymous

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Querist : Anonymous (Querist)
01 May 2018 Now asset is used for personal purpose



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