Depreciation
This query is : Resolved
25 August 2017
if an asset is fully written off to the extent of 95%, will the scrap value will appear in the balance sheet or nil?
26 August 2017
scrap value 5% will be there in the assets and will be shown in gross block but no depreciation will be provided it will become nil when asset is sold
27 August 2017
Assets should be shown at its residual value in the Balance sheet till its sold or discarded. As log as the asset is in existence it will remain in the books.
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