Poonawalla fincorps
Poonawalla fincorps

Depriciation

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(Querist)
30 July 2012 If, We have not used our Plant & Machinery in the F.Y.2011-12. Is it necessary to provide depriciation?
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
30 July 2012 As-6 Depreciation accounting permits depreciation even though assets not used during the year.

According to the AS-6 Depreciation accounting depreciation would be charge and allowable event though the assets not used during the year.

OM SAI SRI SAI JAI JAI SAI
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SANYAM ARORA

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SANYAM ARORA (Expert)
30 July 2012 Yes you need to charge Depreciation even if it has not been used
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