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Depreciation on buses

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15 May 2012 Sir

A co. donated a bus to school in which employees children study. CAn co. clain depreciation on this bus ?

15 May 2012 When donation of an asset is given by a person, he has to detach himself from the asset not only physically but mentally also.
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Donation changes ownership of the asset.
Depreciation can generally be claimed by the owner only.
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Decide first the ownership then only think about the depreciation.
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