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Depreciation allowable in year of purchase

 
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Depreciation allowable in year of purchase
baluideal
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#1
01-09-2007, 06:06 PM
On what value of asset is 100% depreciation allowable in the year of purchase?
Abdur.Rehman
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#2
01-09-2007, 08:43 PM
Depreciation has nothing to do with value.. Plz clarify ur question...
baluideal
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#3
01-10-2007, 03:09 PM
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
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#4
01-18-2007, 06:22 AM
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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