25 February 2010
If a Fixed Assets has been fully depreciated in the books but still has useful life, what should be the accounting treatment for depreciation of the asset?
25 February 2010
Only maintain assets at it nominal value and don't charge deprecition on it when the amount is very low. so that u can maintain the assets in the B/S
25 February 2010
Thanks for your reply. Kindly elaborate your answer further or give me some reference of any accounting standard (relevant paragraph) or any case law.
25 February 2010
Thanks for your reply. Kindly elaborate your answer further or give me some reference of any accounting standard (relevant paragraph) or any case law.
CAclubindia
