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reji
May 11, 2008, 03:37 AM
what will be the depreciation amount if a company commenced in jan 2000 and it is having an asset of 100000 and the rate of depreciations is 10 percent and the company is winded up in june 2001 ,so wat will be the depreciation amount
morgaine300
May 11, 2008, 11:05 PM
By "winded up in June 2001," do you mean they stopped doing business? If so, the entire thing needs expensed off. Depreciation is based on the concept of "going concern," meaning an assumption that the business will continue indefinitely. If the company does not continue, then you can't do things like depreciation in a normal manner.