TOP URGENT
HOW TO COMPUTE USEFUL LIFE OF SECOND HAND ASSETS. ASSETS ACQUIRED FROM ANOTHER BUSINESS i.e. ALREADY USED ASSETS--WHAT IS THE USEFUL LIFE FOR DEPRECIATION
Read more at: /experts/ask_query.asp
ranjan (article) (53 Points)
19 September 2015TOP URGENT
HOW TO COMPUTE USEFUL LIFE OF SECOND HAND ASSETS. ASSETS ACQUIRED FROM ANOTHER BUSINESS i.e. ALREADY USED ASSETS--WHAT IS THE USEFUL LIFE FOR DEPRECIATION
Read more at: /experts/ask_query.asp
Anup A Deshpande
(Freelancer)
(77 Points)
Replied 21 September 2015
Co Act allows you to charge higher depreciation i.e. you can take lesser usefull life than prescribed