Depreciation Allowed on Asset with Partial Payment if Liability is Recorded in Accounts.

Depreciation Allowed on Asset with Partial Payment if Liability is Recorded in Accounts. https://www.taxtmi.com/highlights?id=31677 Eligibility for depreciation - part payment made for the acquisition of asset - Once the corresponding liability in the accounts has been shown, then depreciation on the asset should be given irrespective of the fact that this year only part payment was made for the acquisition of that asset - AT en-us Fri, 14 Oct 2016 16:53:33 +0530 Fri, 14 Oct 2016 16:53:33 +0530 TaxTMI RSS Generator Depreciation Allowed on Asset with Partial Payment if Liability is Recorded in Accounts. https://www.taxtmi.com/highlights?id=31677 Eligibility for depreciation - part payment made for the acquisition of asset - Once the corresponding liability in the accounts has been shown, then depreciation on the asset should be given irrespective of the fact that this year only part payment was made for the acquisition of that asset - AT Highlights Income Tax Fri, 14 Oct 2016 16:53:33 +0530 https://www.taxtmi.com/highlights?id=31677