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AS 12
Accountancy
These 2 questions are same. Why in one sum depreciation is not at all provided in the year of refund but in the other sum 2 months depreciation is reduced
Answers (5)
CA Suraj Lakhotia Admin
Refer to the note
I didn't understand it sir. Does it mean we can compute without providing depreciation at all?
CA Suraj Lakhotia Admin
You can solve as per study material or as per the suggested answers. Providing depreciation is more logical approach.
Sir, in the question they gave 'assuming that company did not charge any depreciation for the year'. Is that why the depreciation is not provided in the study material?
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