Dep
This query is : Resolved
15 November 2011
which concept applies for deprecation?
15 November 2011
Depreciation is a Gradual Diminishing or Decrease in the value of fixed assets due wear & tear, Obsolence.
Since the fixed assets are capital expenses which the benefit will more than one year we are claiming the same as depreciation as defined above.
Depreciation starts once the asset put in to use
Since the fixed assets are capital expenses which the benefit will more than one year we are claiming the same as depreciation as defined above.
Depreciation starts once the asset put in to use
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