banner_ad

Asset value less then 5000

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 May 2016 Dear sir,
Our company has purchased the asset
Value 4689/- plz let me know as per sch.
ll what would be treatment of this said asset & how
The dep. Will be charge,

Regard
Rohit jain
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
20 May 2016 Charge the depreciation based on use full life retaining 5% residual value.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 May 2016 Sir should i charge dep. 5000-250/10,
like this,
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
20 May 2016 yes you have to follow the new company act dept. method on the basis of the usefull life of assets.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
20 May 2016 Yes if it has 10 years life.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


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 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details