Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 November 2011
Can we claim Depreciation on the Assets purchased in cash of more than Rs. 20,000?
17 November 2011
Once an expenditure qualifies as asset, depreciation can be claimed on it irrespective of the amount.
17 November 2011
amt must be 5000rs and above as per com.act
17 November 2011
Yes you can claim depreciation on the same it does not matter you bought that asset for cash or by cheque...
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