One Propritership concern was converted in to Partnership firm and latter on, Partnership was converted in to Part IX Company under the Companies Act, 1956 and after incorporation of Part IX Company a takeover agreement was executed to acquire the assets of Partnership. Now for the purpose of computing the Depreciation under Companies Act, 2013, we have to calculated the remaining useful life of the assets and for this purpose what would be the date of acquisition of Assets (a) Date of Incorporation of Part IX Company (b) Date of Takeover Agreement and (c) Date Partnership Agreement (d) Date of actual Purcahse of assets under the tenure of propritery concern.
Awating for your valuable comments
Regards,
Sondip
