We have purchased the home furnitures items (such as Cot, tables, sofa, curtains, air conditoner, washing machine, fridge) on Sep, Oct and Nov, 2009. Now we would like to sell that items. How can we find the selling price of all the items? At what price will we sell?
28 September 2011
you can ascertain price based on the market price on that date in case you purchased all items in lump and do not have break up of the price.
WDV of these assests will not be make much diff. It seems you intend to trf your personal assets to some company...?
29 September 2011
if you selling them, then definately no question arises for calculating the selling price, whatever you fetch will b ur selling price
29 September 2011
if you are desired of transferring them at a preplanned selling price then calculate the wdv of the respective assets and then add up the desired profit margin on that WDV to arrive at the selling price
CAclubindia
