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assume we have taken a assest on 20/02/2010,then can we
charge depreciation for a whole finacial year?
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Answer Posted / victor agbim
No.We cannot charge depreciate for a whole financial year.
Depreciate is charge from the date of assets acquisition to
the conclusion of the financial year in the financial accout
But on computer of tax returns and filling to the relevant
tax authority the initial allowance is not abrogated.
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