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Former Member
Dec 27, 2007 at 03:20 PM



Hi Gurus,

We have received a new requirement from the client.

Which is we acquired a new asset on 01.04.2007 for Rs 12000 for 10 yrs and have additions done to the asset on 05.06.2007for 24000. Hence now the depreciation has to start for this asset and my client was the depreciation to get start from 01.07.2006, without getting arrears for the previous month. Plz let me know the process how to go abt with steps clearly plz