A company purchased a machine for backup plan, do not used it in the year,is there is need to provide depreciation?
If yes,why?
K.V. Karthik
CA Inter
★ 34K+
05-May-20 21:29
45
Answers (1)
Is it ready for use? If it is ready then depreciation has to be charged. The fact that it was not used is irrelevant as depreciation is provided for reduction in value due to usage / elapse of time etc,
