my questions is, what is the uses of depreciation Fund created by the company?
Himanshu Agrawal (Student) (50 Points)
19 October 2009my questions is, what is the uses of depreciation Fund created by the company?
Sanjay
(CA Final n CS Final)
(324 Points)
Replied 20 October 2009
Depreciation Fund helps in replacement of depreciable assets.
Otherwise,New asset (after the existing asset is exhausted/ scrapped) has to be purchased by selling other Fixed Assets which is no enterpenure will like to do.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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