Computer is purchased on 1may 2010. and is to be transferred as fixed asset for business use on 1.4.2012....
What will be its cost?
Will it be before depreciation or after deducting depreciation?
Karuna Sethi (CA) (838 Points)
05 August 2013Computer is purchased on 1may 2010. and is to be transferred as fixed asset for business use on 1.4.2012....
What will be its cost?
Will it be before depreciation or after deducting depreciation?
Mihir
(Wealth Manager)
(5293 Points)
Replied 05 August 2013
It should be after deducting depreciation.
But wait for others to reply.