Depreciation as per companies act 2013
This query is : Resolved
14 July 2015
While computing depreciation as per amended companies act 2013 the residual value of an asset is Rs. 20000 and the WDV of asset is Rs. 12000 and the remaining life is 5 years how to treat this & how to show in financial statements
14 July 2015
Keep the WDV of Rs 12000 as residual value and don't charge any depreciation further.
14 July 2015
so retain Rs.12,000 as value of asset .what is to be done after 5 years ? whether is to be transferred to reserves or not
14 July 2015
Nothing to be done after 5 years till the asset is disposed off.
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