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Depreciation calculation help

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 October 2015 cost of the asset-100000
residual value-5000
value as on 01.04.15-95000

in the financial year 2015-16 whehter depreciation would be 5000 or nil as asset has only residual value left
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
26 October 2015 No depreciation will be charged on assets reached residual value.

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