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 Fixed Assets  |  Question 27 of 27    Print  
Pass the correspondence Book entry
Company purchase one car on 01/01/2008, one new accounting package, and paid audit service charges. The cost of car is 20,000.00, accounting software is 6000.00 and audit fee is 3000.00 estimated depreciation is for tangible assets is 10 years and for intangible is 3 years. Pass the correspondence Book entry




  
Total Answers and Comments: 1 Last Update: July 16, 2008     Asked by: afzalmehdi 
  
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 Best Rated Answer
Submitted by: gopaltripathi
 
if asset is not put to use more than 180 days then 50%depriciation provided

Above answer was rated as good by the following members:
nemivant
July 16, 2008 13:16:32   #1  
gopaltripathi Member Since: July 2008   Contribution: 1    

RE: Pass the correspondence Book entry
if asset is not put to use more than 180 days then 50%depriciation provided
 
Is this answer useful? Yes | NoAnswer is useful 1   Answer is not useful 0Overall Rating: +1    

 Related Questions

1) what is fectitious assets?2) what is ment by cash book and day book and general leder?3)employee salary deductions under section of the income tax act of india?
Read Answers (2) | Asked by : CHANDRA SEKHAR

Latest Answer : Following are the steps:1.First activate the Dep areas(book & tax) in asset class.2.Assigng Dep key to Dep Areas either at Asset class level or Asset master data level.3.Assign Screen layout to dep areas.4.Determine how Dep Areas post to general ledger.5.Assign ...
Read Answers (1) | Asked by : Rahul

Latest Answer : Book depriciation is that which we follow the method or book the depriciation. And derived depriciation is that which is already held the method or derived the rate of method of depriciation. ...
Read Answers (1) | Asked by : vkrishna

Company purchase one car on 01/01/2008, one new accounting package, and paid audit service charges. The cost of car is 20,000.00, accounting software is 6000.00 and audit fee is 3000.00 estimated depreciation 
Latest Answer : if asset is not put to use more than 180 days then 50%depriciation provided ...


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