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Related to depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 April 2013 A COMPANY PURCHASE ON MACHINERY ON 6-2-2013
BUT MACHINERY IS INSTALLED ON 15-2-2013. HOWEVER COMPANY IS CHARGED ON DEPRECIATION ON THE DATE OF PURCHASE IRRESPECTIVE OF DATE OF INSTALLATION SO PLEASE ADVICE COMPANY IS CHARGE DEPRECIATION IS RIGHT AR WRONG.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
06 August 2013 Depreciation need to charge from the date of put in to use. so after installation depreciation can be charged

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