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Depreciation

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(Querist)
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
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
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.
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
01 September 2010 Yes, it has to included in gross block at cost.
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