Depreciation

This query is : Resolved

shraddha (Querist)
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27 November 2019 one partnership firm start from 01/04/2018 , 03/01/2019 one partner retired from partnership firm ,at the same date new partner admitted.in july month some furniture are purchased,so in this case 2 (profit and loss ,b/s )account are prepared like01/04/2018-02/01/2019,03/01/2019 -31/03/2019 .so i want to know at the period of 01/04/2018-02/01/2019 how much dep are charged on furniture?(op value of furniture 10000,new addition july month 5000)

RAJA P M

RAJA P M (Expert)
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27 November 2019 No matter for Partners retired or admitted. BS and PandL will be prepared base on transactions. Also Depreciation based on its usage and periods...