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Question from ganesh-iyer on Sep 29 at 9:36 AM Dear Gurus,
We have a scenario as below:
2 nos Tata bus purchased in 2006
2 nos Tata bus purchased in 2008
Depreciation rate : 20% straight line method.
On 12 December 2011, these were fitted with a roof top Air conditioners and
the value was added to these buses. But the depreciation was calculated for
the total value (bus cost + AC cost) the first 2 buses till 31-Dec-2011 and
up to 2013 for the other two buses. After the buses' life i.e 5 years, the
depreciation has not been calculated by the system for the AC units. Any
suggestions?
Regards
Ganesh N. Iyer
Sr.Accountant
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