Depreciation
This query is : Resolved
Yasmin Salim Shaikh
(Querist)
12 September 2009
Dear Experts,
If a partnership firm has lost all its fixed assets in a fire leaving no assets in the block, then what is the amount it can can claim,
1.) The normal rate of depreciation or,
2.) the amount of loss?
Thanks & Regards.
If a partnership firm has lost all its fixed assets in a fire leaving no assets in the block, then what is the amount it can can claim,
1.) The normal rate of depreciation or,
2.) the amount of loss?
Thanks & Regards.
CA Gangadhar Mishra
(Expert)
12 September 2009
toal wdv less if any thing recd from insurance co.
Yasmin Salim Shaikh
(Querist)
12 September 2009
Thank U Mr Mishra
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