Depreciation on Assets
This query is : Resolved
15 April 2008
UNDER CAPITAL WORK IN PROGRESS ASSETS PURCHASED IN THE MONTH OF JUNE'07. BUT CWP COMPLETED IN THE MONTH OF MAR'2008, SO, WE CAPITALIZED THE CWP AS ON 31-03-2008.
OUR DOUBT IS DEPRECIATION CALCULATED ON (SLM) AS ON DATE OF PURCHASE OF ASSETS OR CAPITALIZATION DATE WHICH DATE WE ARE TAKING FOR ACCOUNTING.
PLEASE SIR
OUR DOUBT IS DEPRECIATION CALCULATED ON (SLM) AS ON DATE OF PURCHASE OF ASSETS OR CAPITALIZATION DATE WHICH DATE WE ARE TAKING FOR ACCOUNTING.
PLEASE SIR
16 April 2008
Since, dep is calculated on Fixed Assets, capitalisation date is relevant
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