how to calculate actual cost for depreciation calculation

For calculating depreciation, one of the criteria to be considered is the actual cost of the asset. If you have a block of asset and a new asset has been purchased then actual cost of such new asset has to be added to the block for the purpose of calculating depreciation. If the block to which this new asset belongs does not exist at the time of buying then in such cases … [Read more...] about Actual Cost of Asset for Depreciation Calculation