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Depreciation method on llp

kaushal j suthar (Accountant) (50 Points)

28 July 2018

Dear Sir

We want to know how to calculate depreciation on Fixed assets.

Half year and full year method
Invoice date wise

Kindly suggest us

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1 Replies

Nikki Goel (64 Points)
Replied 28 July 2018

u can go with block of asset method- full depreciation if put to use more than 180 days and if less than 180 days 50% ) further if first year of purchase subject to conditions can claim additional depreciation at 20% or 35%(in case of West Bengal,Andhra Pradesh,Telangana,Bihar)