Question

depreciation is calculated from the date of​

Answer 1

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DEPRECIATION IS CHARGED FROM THE DATE WHEN THE ASSET IS FIRSTY PUT TO USE . SO IN YOUR CASE DEPRECIATION WILL BE CHARGED AS PER INCOME TAX FROM 1ST AUGUST BECAUSE THIS IS THE DATE WHEN THE MACHINE IS PUT TO USE . Depreciation will be charged from the date when it is first put to use.❤