Easy Office

Query regarding calculation of depriciation as per new companies act 2013

This query is : Resolved 
Profile Image

Profile Image

(Querist)
05 August 2015 If the residual value of an asset is 14 lacs and its WDV is 2 lakhs, what shall be the treatment of the residual value?? Also, The life of the asset is exhausted within this year. Please help me out.
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
05 August 2015 if life is exhausted then the bal as on 1.4.2014 shall be transferred to retained eranings.
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
05 August 2015 Hope your value of 14 lakh fits well in the ceiling limit of 5% of the cost of asset?

Can you please clarify the same?




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links