Depreciation

This query is : Resolved

akhil choudhary (Querist)
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30 January 2012 Dear All,

Can we stop providing depreciation on a machine which is totally breakdown from last 6 months and is send for repair and 'll take 3 to 4 month more to start.

Thanking you in anticipation.

Regards,
Akhil

CA. Hari Kishan

CA. Hari Kishan (Expert)
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30 January 2012 In my view no.. depreciation needs to be computed and claimed as its a mandatory charge and not optional..

CA Shiv

CA Shiv (Expert)
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30 January 2012 No you cannot.....
And its good for the company to claim depreciation. Why the company doesnt want the benefit.
Charge depreciation for the period. and after repairs capitalise the exp and charge depreciation on that also.

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akhil choudhary

akhil choudhary (Querist)
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31 January 2012 thanks to all