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Depreciation allowable in year of purchase - Printable Version

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Depreciation allowable in year of purchase - baluideal - 01-09-2007

On what value of asset is 100% depreciation allowable in the year of purchase?


- Abdur.Rehman - 01-09-2007

Depreciation has nothing to do with value.. Plz clarify ur question...


- baluideal - 01-10-2007

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.?


- Abdur.Rehman - 01-18-2007

Well in Pakistan and International accounting standards there is no such thing...
The rate of depreciation is upon the descrition of management...