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Depreciation as per companies act , 2013

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(Querist)
08 September 2015 WHAT WILL BE THE CLOSING VALUE OF ASSETS IF OPENING VALUE ALREADY LESS THAN SALVAGE VALUE TO BE CONSIDERED.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
09 September 2015 Then keep the opening value as it is. Closing value will be same as opening value.
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Pratima Pandey

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Pratima Pandey (Querist)
09 September 2015 THANX A LOT SIR FOR YOUR KIND REPLY..
BUT, SIR THE CONCEPT OF 5% SALVAGE VALUE IS NOT COMPLIED IF WE TAKE THE OPENING VALUE AS CLOSING VALUE. SO, WILL THERE BE ANY ISSUE ?



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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
09 September 2015 There will be no issue in the given case if residual value is reduced to less than 5%.

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