Book value
This query is : Resolved
21 January 2013
I PURCHASED AN ASSET COST 10,000/- AND CHARGED DEPERICIATION 20% ,AND I SOLD THAT ASSET OF RS 7000/- WHAT IS THE BOOK VALUE KINDLY GUIDE ME
21 January 2013
If you charged full one year depreciation (Rs.2000)on Rs.10000 @ 20%,then book value after one year is Rs.8000/-
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