Depreciation on gift assets
This query is : Resolved
12 July 2013
Suppose i got AC and Computer as a gift from my Friend and started using it in my office. Can i charge depreciation on them???
As i dont have incurred any cost in acquiring them so can i claim depreciation on them and take the advantage of Depreciation in Reducing my Net profit???
Pls help
As i dont have incurred any cost in acquiring them so can i claim depreciation on them and take the advantage of Depreciation in Reducing my Net profit???
Pls help
17 April 2017
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