Amalgamation Para 99
This query is : Resolved
05 November 2008
Clause C of Para 99.1 say : That the amalgamating company has held continously as on date of amalgamation at least 3/4 of the book value of fixed assets held by it two years prior to date of amalgamation .
What is book value ? Gross block or Net block after Depreciation .
In books of account the system is to book the assets at full value and create a Accumulated Dep account .
In that case which value of assets i should take
What is book value ? Gross block or Net block after Depreciation .
In books of account the system is to book the assets at full value and create a Accumulated Dep account .
In that case which value of assets i should take
05 November 2008
Both the gross and accumulated depreciation as per books are to be taken
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