banner_ad

accounting treatment of depreciation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 May 2008 please provide me the accounting of depreciation on revalued assets
whether reduction is to be made on revuation reserve for dep on revalued assets etc.
Profile Image

CA Anuj Garg

Profile Image

CA Anuj Garg (Expert)
14 May 2008 Accounting treatment of revalued assets shud be as per AS 10

Depreciation on increasd amount shud be written off from revaluation reserve and balance from P&L Account

For example:
Value: 1Lacs
Revalued Amount:1.50Lacs
Dep Rate: 10%

Accounting Entry:

Dep Dr 15000
Asset Cr 15000


P&L Dr 10000
Revl Res Dr 5000
Dep Cr 15000
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
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details