Accountancy, asked by kuljitsingh8666, 6 months ago

if it is not given to depreciate books we should do or not

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Answered by Anonymous

9

If you have an asset that will be used in your business for longer than the current year, you are generally not allowed to deduct its full cost in the year you bought it. Instead, you need to depreciate it over time. ... If you elect to not claim depreciation, you forgo the deduction for that asset purchase.

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