Fixed assets
Deepak kumar pareek (account executive) (24 Points)
02 March 2016
how we calculate profit/sale on fixed assets?
Deepak kumar pareek (account executive) (24 Points)
02 March 2016
Saliq Ansari
(CA_Final Student)
(885 Points)
Replied 03 March 2016
Profit on Sale of Fixed Asset is Calculated As follows:
Selling Price of Assets - Opening WDV of Assets - Depreciation on Assets upto the date of sale
= Profit on Sale of Assets.
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