If the company purchased a fixed asset and kept it in its warehouse,should the company calculate depreciation for it or not?

Question added by Alaa Salama , Chief Financial Officer CFO , East and West Real Estate Development Co
Date Posted: 2016/02/08

Upvote (0) Views (6) Followers (2) Answers (1) Report Question

by RAJESH DESHKULKARNI GOPAL , Group Accounts & Tax Manager , Confidential Group

In general, Asset depreciation begins when actually ASSET put to use in the any business.

Also, all expenditures to form Asset capitalized & considered for Depreciation from the date of PUT TO USE.

Purchase of fixed assets on credit terms
Top Answer: Hi Answer is C Regards Mahmoud El Nady See More

Answers (10)
Regarding the capitalization of the expense incurred by the company for the fixed assets.?
Top Answer: Thanks for inviting In my view cost of removals and re-building to be capitalized and to be added-to the ... See More

Answers (8)
While we are doing the analysis for any Co. ,we prefer to be the fixed assets covered by equity From which ration we know
Top Answer: on FS analysis we prefer FA to be covered by equity as this give the company stronger financial ... See More

Answers (2)
Profits & capital losses related to fixed assets?
Top Answer: Everything that <span ... See More

Answers (3)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.