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

Asset Disposition IFRS US GAAP Depreciation Inventory
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Question added by Alaa Salama , Chief Financial Officer CFO , East and West Real Estate Development Co
Date Posted: 2016/02/08
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RAJESH DESHKULKARNI GOPAL
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.

 

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