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Depreciation under schedule ii

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(Querist)
30 January 2015 If a partnership/proprietorship is converted into a private limited company and assets are taken over at wdv to firm/proprietor,then how to decide the following:

1)Useful life of the assets taken over?
2)Cost of such assets?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
30 January 2015 1. it should be remaining balance years left as per co act 2013.

2.cost of asset is carrying amount on date of transfer.

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