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Fixed asset cost

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(Querist)
24 September 2014 Dear experts if the owner of a property so purchased are joint owners(50% each) then can both show cost of fixed asset at 50%........I'm their balance sheet... Thanks in advance
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CA Devanand Jethanandani

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CA Devanand Jethanandani (Expert)
24 September 2014 Yes, it will be shown in the balance sheet of both of the joint holder @50%.

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