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Former Member
Jul 09, 2012 at 06:16 AM

Asset depreciation and useful life

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Hi experts,

We have initially created an asset with depreciation start date as 01/04/2010 and useful life is 5 years. After two years the depreciation start date has been changed to 01/04/2012 and the entire depreciation so far deducted has been written back and now we expect the asset to depreciate for 5 years from now i.e., 01/04/2012. But we see that it is being depreciated only for 3 years taking into account the 2 years before depreciation writeback. Kindly advice me regarding this.

Regards,

P.Krishna Chaitanya.