depreciation

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SUNIL RATHORE (Querist)
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26 December 2007 hello,

my query is relating to the scrap value of fixed assets. facts are given below :

our company is following the depreciation rate of 31.67 % by SLM method with a scrap value of 5% on EDP assets.
one of our assets(laptop) given to an employee for his personal and official use. after 4 years he has resigned. what is the value we should recover from him ?

SANDEEP AGGARWAL

SANDEEP AGGARWAL (Expert)
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26 December 2007 Sir,
It is purily depond upon companys policy. Let it be decide by your personnal and administration Department.

Regards
Sandeep Aggarwal