Question

When doing depriciation we include installation charges and calculate depriciation, do we also do the same for import duty??

Answer 1

While calculating the depreciation of an asset there are some factors we must keep in mind. ... What does the Cost of Assets include?

Answer 2

Hello ❤️

The process of reducing the values of assets is subsequently calles depreciation.

Import duty refers to diff6taxed on goods purchased from abroad.

Yes, we can do same for import duty..