Accounting of stand by equipments

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tarun (Querist)
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04 December 2015 what is the treatment for stand-by equipment and how depriciation is charged on it

CA R SEETHARAMAN (Expert)
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04 December 2015 Stand by equipment are capitalized and charged depreciation over its useful life.

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Ankur (Expert)
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04 December 2015 depreciation may be charged over its useful life.

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