Depreciation for Used Machine Purchases

Mohanraj J (1166 Points)

10 November 2020

Dear Friends,
There is no any changes in life or depreciation % between used machine and new machines?....

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Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) (3549 Points)
Replied 11 November 2020

There are four main factors that affect the calculation of depreciation expense: asset cost, salvage value, useful life, and obsolescence.

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Mohanraj J (1166 Points)
Replied 11 November 2020

Dear Sir, What about depreciation rate and life in years for used machines?

Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) (3549 Points)
Replied 11 November 2020

life of machines can reveal from chartered licensed concern engineers

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Mohanraj J (1166 Points)
Replied 11 November 2020

Dear Sir, Thank u so much for your kind assistance

JATINDER KUMAR (Accountant) (3662 Points)
Replied 14 November 2020

Agree with Mr. Rama

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