Depreciation for tax relies on using the entire asset block, not individual assets, during the year.

Depreciation for tax relies on using the entire asset block, not individual assets, during the year. https://www.taxtmi.com/highlights?id=20326 Depreciation - whether an individual asset is put to use in a particular year or not is of no consequence inasmuch as the requirement of law is to establish the use of concerned block of assets and not use of particular assets individually. - AT en-us Mon, 13 Oct 2014 18:35:11 +0530 Mon, 13 Oct 2014 18:35:11 +0530 TaxTMI RSS Generator Depreciation for tax relies on using the entire asset block, not individual assets, during the year. https://www.taxtmi.com/highlights?id=20326 Depreciation - whether an individual asset is put to use in a particular year or not is of no consequence inasmuch as the requirement of law is to establish the use of concerned block of assets and not use of particular assets individually. - AT Highlights Income Tax Mon, 13 Oct 2014 18:35:11 +0530 https://www.taxtmi.com/highlights?id=20326