Easy Office
LCI Learning

Depreciation on Low value item

This query is : Resolved 
Profile Image

Profile Image

(Querist)
28 March 2010 Dear all,

i want to know that if any company have purchased any fixed assets costing Less than Rs.5000 whether this can be written off fully in same year or the prevailing depreciation rate will be applicable?

Thanks to all in advance.
Profile Image

CA Kapil B Gupta

Profile Image

CA Kapil B Gupta (Expert)
28 March 2010 100% write off in the same financial year.
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
28 March 2010 agree.you can write off 100%
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CA Ravi Sisodia

Profile Image

CA Ravi Sisodia (Expert)
28 March 2010 Agreed..

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links