Depreciation

Mohit Gupta (article) (164 Points)

08 April 2019

Whi will charged the depreciation in case of finance lease and why?

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CA Shikha Sharma (Ceo) (3869 Points)
Replied 08 April 2019

SLM not followed but wdv method

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Mohit Gupta (article) (164 Points)
Replied 08 April 2019

I'm asking about who take the benefit of depreciation lessor or lessee not a method

CA Shikha Sharma (Ceo) (3869 Points)
Replied 08 April 2019

lesser willvvatge depreciation and credit it to lessor whereas lessor have to take it as income and dr to lessee

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Mohit Gupta (article) (164 Points)
Replied 08 April 2019

But in this entry fixed assets amount will remain same because we not credit the assets

CA Shikha Sharma (Ceo) (3869 Points)
Replied 08 April 2019

no it won't remain same in the books of lessor
by lesser to fixed asset

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