Depreciation as per companies act , 2013
This query is : Resolved
08 September 2015
WHAT WILL BE THE CLOSING VALUE OF ASSETS IF OPENING VALUE ALREADY LESS THAN SALVAGE VALUE TO BE CONSIDERED.
09 September 2015
Then keep the opening value as it is. Closing value will be same as opening value.
09 September 2015
THANX A LOT SIR FOR YOUR KIND REPLY..
BUT, SIR THE CONCEPT OF 5% SALVAGE VALUE IS NOT COMPLIED IF WE TAKE THE OPENING VALUE AS CLOSING VALUE. SO, WILL THERE BE ANY ISSUE ?
BUT, SIR THE CONCEPT OF 5% SALVAGE VALUE IS NOT COMPLIED IF WE TAKE THE OPENING VALUE AS CLOSING VALUE. SO, WILL THERE BE ANY ISSUE ?
09 September 2015
There will be no issue in the given case if residual value is reduced to less than 5%.
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