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As 10 {Retirement of PPE }

Accountancy

Sir if PPE is Retired from active use and it is NOT held for disposal . Can we depreciate in current year ?

M Naresh

CA Final

★ 3K+

03-Jul-21 12:04

475

Answers (2)

Best Answer

Depreciation would continue unless fully depreciated. However if it is held for disposal , depreciation should be ceased

Abhishek Purohit

CA Inter

★ 10K+

03-Jul-21 12:30

Noo once example in the attachment (concept capsule 22)

Attachments

Sairam Reddy

CA Final

★ 10K+

03-Jul-21 12:29