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Depreciation : Negative WDV

This query is : Resolved 
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(Querist)
05 January 2011 Can the WDV of a block of asset be negative?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
05 January 2011 No it can never be negative.
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RAM KUMAR.K.S

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RAM KUMAR.K.S (Expert)
05 January 2011 it cant be negative...or should be maintained at nominal value of Re.1 if the life of the asset is over...or should be written off or disposed off. in those cases only the value of the asset not shown in assets block



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DR GAURAV GUPTA FCA, FCS, LL.B

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DR GAURAV GUPTA FCA, FCS, LL.B (Expert)
05 January 2011 NOT POSSIBLE
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CS LLB Pulkit Gupta

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CS LLB Pulkit Gupta (Expert)
06 January 2011 No it can't...
I think u r talking abt. sale of some part of block at a price higher then the total cumulative WDV of block

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