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Former Member
Jul 02, 2013 at 05:42 PM

Retrospective depreciation

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Hi,

We have following requirement:-

Capitalisation date 01.06.2012

Asset additionally procured in 01.08.2013.

Is it possible for addition to asset to have depreciation:-

  • From earlieryear i.e for 2012(date of original capitalisation) & 2013 ( current year) in 2013 i.e.depc should be calculated for additions in 2013 for two years.