On what value of asset is 100% depreciation allowable in the year of purchase?
Depreciation has nothing to do with value.. Plz clarify ur question...
As Per Companies Act,1956 under Schedule XIV asset value below Rs.5000 is 100% depreciable in the year of Purchase. Similar provision available as per US GAAP.?
Well in Pakistan and International accounting standards there is no such thing...
The rate of depreciation is upon the descrition of management...