Depreciation
This query is : Resolved
27 April 2015
If the remaining useful life is Nil and there are no retained earnings, where shall we charge the remaining Amount.
27 April 2015
you will charge it to P&L, the loss from there will be be carried forward..
27 April 2015
It will not effect the current years profitability. If you do not have retained earning then it will result in accumulated loss.
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