Dear Sir/Madam,
I have a quiry regarding depreciation to be calculate.
Ex: We purchased an Aircooler for office use on 1/5/2017 (date of invoice) and installed on 20/05/2017 & started to sue on same day.
So, please clarify from when we need to consider the depreciation. (I.e date of purchase or date of installation.)
Please do the needful.
With advance thanks
Pradeep
CAclubindia
