Hiral (Accountant) (48 Points)
05 April 2018As an accountant, on which price should I calculate depriciation on second hand computer system purchased for IT company? How to determine remaining useful life for second hand computer purchased ?
Sarath Rajendran
(Nil)
(2791 Points)
Replied 05 April 2018
You can claim or compute depreciation on your purchase price of the asset plus instalation charges if any
Hiral
(Accountant)
(48 Points)
Replied 05 April 2018
Thank you very much sir..
But how to determine remaining useful life for second hand computer purchased for depriciation purpose?Is there any specific rules?
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