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.
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.
CAclubindia
