Easy Office
LCI Learning

Ipcc

This query is : Resolved 
Profile Image

Profile Image

(Querist)
28 November 2011 if any assets is purchases on apporval basis can we charge deperication on such assets?
please reply me
Profile Image

Ravindra Srinivasa

Profile Image

Ravindra Srinivasa (Expert)
29 November 2011 How can you charge a asset not belonging to you ? When an asset is under approval mean the ownership is transferred. Depreciation can be charged on the asset owned and used in carryout of business / profession.

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