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Depreciation allowable in year of purchase
01-09-2007, 06:06 PM
Post: #1
Depreciation allowable in year of purchase
On what value of asset is 100% depreciation allowable in the year of purchase?
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01-09-2007, 08:43 PM
Post: #2
 
Depreciation has nothing to do with value.. Plz clarify ur question...
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01-10-2007, 03:09 PM
Post: #3
 
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.?
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01-18-2007, 06:22 AM
Post: #4
 
Well in Pakistan and International accounting standards there is no such thing...
The rate of depreciation is upon the descrition of management...
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