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Schedule ii of companies act 2013

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22 September 2015 IF WDV OF ASSETS IS LESS THAN 5% OF RESIDUAL VALUE THEN HOW WILL BE SHOW THE DIFFERENCE AMOUNT RS.1500/- (5000-3500) AS PER COMPANIES ACT,2013.
SUPPOSE ASSETS VALUE RS.100000/-
WDV ONLY RS.3500/-
BUT RESIDUAL VALUE SHOULD BE 5% OF COST i.e RS.5000/-

22 September 2015 keep the WDV in books and carry the amount till asset disposal /sale.

Other treatment like reversal of reserves to the extent of shortfall etc NOT required.



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