Depreciation
This query is : Resolved
01 September 2010
An asset(temporary erections) for which depreciation has been claimed @100% during the last year.Whether it has to be shown in the gross block for the current year.where company is following Accumulated depreciation model
01 September 2010
Yes it has to be shown. Even though book value is NIL but company still gets benefit from it. So till the Fixed Assets is sold or disposed it will be part of the Gross Block.
01 September 2010
Yes, it has to included in gross block at cost.
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