depreciation on second hand asset

On Purchase value including its installation cost and repairs on it (if any).It is bcoz the Co. has only purchased machinery from the firm and not the whole firm.

Dear sir you can claim the depreciation on actual cost of the asset . As per section 43(1) actual cost means actual cost of asset to the assesee  [reduced by that portion of the cost which has been directly or indirectly met by any other person]

However there there are 13 explanation which provide determination of actual cost of  acquisition  under different circumstances. But your case on the basis of  the fact you have given dose not fall in any of those explanation.-Yet the explanation 3 gives power to your assessing officer to determine the actual cost with prior approval of joint commissioner to ascertain whether you have acquired the asset at higher price . 

Thus the price you have paid to acquire the asset shall be the Cost of acquisition  of the assets . Yes the entire cost up to the installation of the asset shall also be considered. 

yes u can claim depreciation on ur aquisition cost...

On Purchase value including its installation cost and repairs on it (if any).It is bcoz the Co. has only purchased machinery from the firm and not the whole firm.

Dear pradeep please clear me on the  cost of acquisition of the machinery if the company as acquired the entire firm and not just machinery.

I think in that case value assinged  to individual assets to determine the purchase price of partnership firm  shall be consider. please help me