28 September 2012
first it you should decide whether it will fall under fixed assets category or investment category, if you have acquir building just to have return by way of capital appreciation or rent, then it will be investment and hence no depreciation.
28 September 2012
As per Accounting Standard 6, Depriciation Accounting Para 3.1.......... Depriciation is a measure of the wearing out, consumption or other loss of value of a depriciable asset arising from use, effluxion of time or obsolescence through technology or market changes. if its fully complete than dep. can be charged.
CAclubindia
