Question
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 June 2013
whether we should provide depreciation on that building when the operations from business have been discontinued from few years ago???
08 June 2013
Depreciation is diminution in the value of assets due to wear and tear or efflux of time. Hence, building has to be depreciated even if operations are discontinued.
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