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Depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 March 2012 I have purchase Machinery on 07 June 2011 but bill was on 05 March 2012
Do i charged 15% depreciation for full year or half yearly ?

thanks
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CS, Deepak Pratap Singh

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CS, Deepak Pratap Singh (Expert)
30 March 2012 Dear Friend, The depreciation will be charged on use of machinery. Since it is purchased and used for more that 180 days during financial year, you have to charge full 15% of depreciation- Thanks

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