Depreciation on publicity van
This query is : Resolved
12 May 2011
A van is purchased for publicity purpose. The company has also purchased LCD and Generator and attached the same with van. Now weather the LCD and generator will be considered as a part of Van or as a separate asset? And how depreciation will be charged on the same.
12 May 2011
if income tax act all dep charged 15%. if income tax act you will seperate entry LCD and Generator 13.91%. van 25.89%
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