banner_ad

retirement of fixed assets

This query is : Resolved 
Profile Image

Profile Image

(Querist)
12 April 2008 oftenly fixed asset namell plant and machinery recieved back in following condition.
1.after compliting fair life
2.repiar and replacment
3.renovation
4.burnand damaged.
5.other not specified
the assets thus not in use will be accounted for on WDV IN stock or in other books of account.
Profile Image

S.Srinivasaraghavan

Profile Image

S.Srinivasaraghavan (Expert)
12 April 2008 If the asset is not in use you will have to provide for impairment
Profile Image

D C Sivastava

Profile Image

D C Sivastava (Querist)
13 April 2008 i want correct accouting treatment asin some company following treatment is being given Dr asset not in use[historical cost]
Cr asset[historical cost]
Dr accumulated depriciation
stock with resudual value
Cr asset not in use
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
02 May 2026
Experience Audit Manager

AGGARWAL SAMIR & CO

New Delhi

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
04 May 2026
Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details