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Depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 September 2014 4 battery purchased of Rs.28,000/-. (Rs.9,000/- each)
is it fixed assets or can be debited to P&L A/c.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
16 September 2014 9000*4 should be 36000! isnt it?

it should be included in plant and machinery and depreciated
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Querist : Anonymous

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Querist : Anonymous (Querist)
16 September 2014 Actually, Rs.8,000/- deducted for 4 old Battery against purchased, and there is no head of Plant & Machinery, so that i have taken it under the head of Inverter & Battery...is it correct.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
16 September 2014 yes it is ok. please go ahead.
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Querist : Anonymous

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Querist : Anonymous (Querist)
16 September 2014 thanks for given information.

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