Depreciation
This query is : Resolved
01 March 2012
For example a bill shows Jet printer qty1*10000 and modem qty 1*500. total Invoice is 10500/- In this case can depn on qty 1*500 can be claimed 100% as per companies act since the cost is <5K. and chrge normal depn rate on qty1*10000.
07 March 2012
it can be claimed, since these are two different items you may need not capitalize because two different items are shown in the same invoice. Different depreciation treatment can be followed.
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