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Regarding depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 December 2013 dear sir, should the depreciation be calculated at 10% on shop used for commercial purpose while preparing balance sheet?or simply value of shop is shown?
plz answer my query.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
11 December 2013 In case of shop depreciation rate is 10%.
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Claim depreciation only when it was claimed in the earlier year.
.

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