depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 June 2011 Dear sir
i have one invoices that contain four items (all assets)Rs.10,000/- and they provide Rs.1000/- as discount so i have to pay only Rs.9,000/- sir for passing the jv from which item (there is four items) i have to deduct this discounted amount please help me
thank you

23 June 2011 deduct from all four items in proportionate to value of each.

23 June 2011 Normally it will be deductable from all four proportionately But in present case if value reduced to below 5000/-charged to revenue, may not be considered as asset.




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