Dear Team,
One of my client purchased car on nov 2012 for business purpose.The asset cost is 609234 and Agreement value is 790200. Which price should be capitalised and what is the depreciation rate and amount?
santosh patil (Finance Professional) (275 Points)
21 September 2013Dear Team,
One of my client purchased car on nov 2012 for business purpose.The asset cost is 609234 and Agreement value is 790200. Which price should be capitalised and what is the depreciation rate and amount?
Vijay Srivastava
(Senior Accountant)
(36 Points)
Replied 21 September 2013
Dear,
on assest cost and dep. @ 15% for half year as the car purchased on nov,2012.
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Thanks & Rgds,
Vijay.S
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