Depreciation allowable in year of purchase - Printable Version +- Accountancy Forum (https://www.accountancy.com.pk/forum) +-- Forum: The Profession (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=4) +--- Forum: Accounting and Audit (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=7) +--- Thread: Depreciation allowable in year of purchase (/showthread.php?tid=4084) |
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... |