13 May 2009
If the Invoice date is 1.04.08 and the asset is received on 30.04.08 but the same is booked in the accounts on 31.05.08 then from which date we can charge depreciation. (assuming the asset is computer and the date of asset put to use is not known)
13 May 2009
The depreciation should be charged from the date of receipt of the Asset i.e. 30.04.2008. The date of preparation of invoice or date on which it is brought in the books doesnt suffice to charge depreciation on respective dates.
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