20 February 2009
Two Fixed Assets A & B purchased on 01.04.2008. Bill for Asset A received on same date and bill for Asset B received on 01.06.2008. Both the asset put to use on 01.04.2008. Depreciation will be charged from which date on Asset B?
20 February 2009
If you have a proof of delivery of Asset B on 1-4-2008 with the value and even if you do not have proper bill on that date you can claim depreciation form 1-4-2008.
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