Treatment of deprecation( WDV ) for Greenfield Project
This query is : Resolved
22 August 2009
I have a query regarding deprecation (WDV Basis) generated during project period as me have four slitted trial and two of which is exclusively for greenfield project deprecation occurred during capitalization(WDV Basis) Can be Charge to pre-operative exp. or it have to be charge to P&L Account as and when the four trial be merged as a single trial for an unit
whether deprecation(WDV Trial) is transfer to pre-operative or charge to P&L Account for greenfield project
Please mail your expert advice on manish.mehta@ambujacement.com
whether deprecation(WDV Trial) is transfer to pre-operative or charge to P&L Account for greenfield project
Please mail your expert advice on manish.mehta@ambujacement.com
22 August 2009
Depreciation is a notional charge for loss in the value of an asset on its usage. Preoperative expenses relate to expenses incurred before the date of commencement of operations of the company arguablly there cannot be any depreciation for non usage. The method of calculating depreciation is not relevant at this point.
22 August 2009
My Question is not regarding method but
whether deprecation(WDV Trial) is transfer to pre-operative or charge to P&L Account for greenfield project
whether deprecation(WDV Trial) is transfer to pre-operative or charge to P&L Account for greenfield project
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