Depreciation
This query is : Resolved
nikhil bhudolia
(Querist)
18 February 2019
Hi Folks,
Good afternoon!
INVOICE DATED 15.4.18
EQUIPMENTS DELIVERED 31.5.18
INVOICE RECEIVED 15.9.18
So my question is depreciation should be charged from 31.5.18?AM I Right..... or If m wrong please Correct me where m getting wrong...
Thanks and Regards
Nikhil
Learner
Good afternoon!
INVOICE DATED 15.4.18
EQUIPMENTS DELIVERED 31.5.18
INVOICE RECEIVED 15.9.18
So my question is depreciation should be charged from 31.5.18?AM I Right..... or If m wrong please Correct me where m getting wrong...
Thanks and Regards
Nikhil
Learner
18 February 2019
Yes... You are exactly correct...
If You are asking about CA then You can provide depreciation from 31.05.18.(from the date of production).
Message likes :
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KAVIRAJA ADDANGADI
(Expert)
18 February 2019
You can charge Depreciation from the date of use of Machinery, you can charge Depreciation from. May
Message likes :
1 times
nikhil bhudolia
(Querist)
19 February 2019
THANK YOU KAVI SIR & RAJA SIR
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