depreciation as per comp act

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soumya (Querist)
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02 September 2008 depreciation as per companies act should be calculated from the date of acquisition or from the date when the asset is put to use?

Jitender (Expert)
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02 September 2008 when the asset is ready to use.-refer as -6

soumya (Querist)
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02 September 2008 can any one be specific on above query

S.Srinivasaraghavan (Expert)
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15 October 2008 Depreciation has to be calculated from the date it is ready to use.

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