Can be depreciate Captial workin progress (fixed asset) before the capitalization date, which means fixed asset under constraction.
Thanks,
Mohan
Sandeep Garg
(Consolidation and IndAS Application)
(1056 Points)
Replied 05 April 2016
No you can not. Only assets capitalized can be depreciated. Hoever you can write off the CWIP and that will be of capital nature.
ashutosh guru
(manager - accounts & finanace)
(83 Points)
Replied 05 April 2016
ashutosh guru
(manager - accounts & finanace)
(83 Points)
Replied 05 April 2016
Retheesh kumar. V. B
(Practice)
(71 Points)
Replied 05 April 2016
Phani Yaswanth
(Manager- Finance)
(43 Points)
Replied 07 April 2016
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)