if there is no business activity in the company during the previous year it would be right if don't charged depreciation on fixed assets ?
CA Vinay Saraf (CA) (148 Points)
18 September 2008if there is no business activity in the company during the previous year it would be right if don't charged depreciation on fixed assets ?
ANTHONY.R
(STUDENT(PCC))
(30 Points)
Replied 18 September 2008
Depreciation is to be provided for fixed assets irrespective of the activity of the business.
rajaguru u
(Deputy Manager - Accounts)
(40 Points)
Replied 18 September 2008
| Originally posted by :Vinay Saraf | ||
| " | if there is no business activity in the company during the previous year it would be right if don't charged depreciation on fixed assets ? | " |
Mr. Anthony is correct to say. There is no question arise whether business activity is contiuned for the depreciation of assets. If there is no business activity, depreciation and other expenses to go on miscellaneous expenditure under the head of assets.
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