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Opening wdv when salvage value equal to netbook value

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(Querist)
20 October 2016 What will be the opening wdv for the next year when salvage value equal to netbook value
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CA Amrita Chattopadhyay

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CA Amrita Chattopadhyay (Expert)
24 October 2016 When the asset has reached the salvage value, depreciation need not be charged. The opening WDV would be salvage value and the same value will be carried forward to next year unless the asset is sold.

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