I purchased a machinery way back in 2000 and now in 2012 I have purchased an INSURANCE SPARE and capitalised it. Can I claim Additional Depreciation on it ?
23 August 2012
If I purchased a machinery in 2006 and now in 2012 I purchased an INSURANCS SPARE and capitalised it. Can now I claim Additional Depreciation on INSURANCE SPARE?
23 August 2012
Suppose in a machine a special computer is required to operate that machine. when we purchase that machine it comes alogwith that computer also. Now if I replace that computer with a new one then it will be called as insurance spare.
as this computer is itself a machine and work alongwith other machines we can claim additional depreciation on it also. Is my contention correct?? will I be denied additional depreciation??
CAclubindia
