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Depreciation as per company act block write off

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 June 2013 R/sir,
I have a problem about depreciation as per company act 1956 as below-
Original cost value - 9,70,000 accumulated Total Dep. - 8,90,000
Opening wdv in Books - 80,000 as on 1/04/2012 Depreciation as per SLM - 109707 (970000*11.31%) for the year 2012-2013.
in this above case Depreciation Block is higher than gross block of Fixed asset.
so please tell me what will be done in this condition.
As per my view, i have write off opening WDV with Depreciation of Rs. 80000. and block is nil. am i right or not please advise & suggest.

Manoj Aggarwal
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TKKKKKK

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TKKKKKK (Expert)
29 June 2013 your treatment is right...as there is no other option...still wait for others' reply
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Querist : Anonymous

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Querist : Anonymous (Querist)
29 June 2013 Thanks Tarannum ji
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