Depreciation

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Sanjeev Agarwal (Querist)
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27 April 2015 If the remaining useful life is Nil and there are no retained earnings, where shall we charge the remaining Amount.

Nikhil Kaushik (Expert)
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27 April 2015 you will charge it to P&L, the loss from there will be be carried forward..

CMA. CS. Sanjay Gupta (Expert)
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27 April 2015 It will not effect the current years profitability. If you do not have retained earning then it will result in accumulated loss.

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