As 11 effect on change in foreign exchange
This query is : Resolved
27 January 2015
If a person purchase the fixed asset on foreign loan if letter the rate increase or decrease in later year or closing year. Is it affects the value of fixed asset and it's depreciation. and also what changes if the transaction occur before 2004.
Thank u
27 January 2015
The exchange difference has to be added/deducted from the capital cost and depreciated over the remaining useful life.
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