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Reply from PSD Rajan on Apr 7 at 12:11 PM It would be the date on which the building was put to use - May 15.
| | | ---------------Original Message---------------
From: CHITTI
Sent: Saturday, April 07, 2012 6:39 AM
Subject: Date from Which Depreciation is to Be Calculated
Our Company unit has paid advances to a Govt. builder for constructing Cellar plus 2 floors. The advances were paid over a period of two years. The building was handedover after completing in all respects on 1st April. However, no document is produced by the Builder while handing over the premises. The building was inaugurated on 15th May, 2010. The Builder has submitted his bill during November, 2010. Which date should our Company take for calculating depreciation. |
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