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
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)