01 October 2016
While preparing Balance Sheet as on 31.03.15 the position of one asset was as follows :
Depreciation @ 6.33% on S L M was provided on following fixed asset Original Cost Rs.2,17,532/- W D V as on 31.03.14 Rs. 97,790/- Salvage Value Rs. 10,877/- Life of Asset 8 years Life used till 31.03.14 8.70 years
My question is what should be W D V for above asset as on 31.03.15 and what amt should be adjusted with retained earnings ?
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