Depreciation treatment
This query is : Resolved
Vipul Poojari
(Querist)
30 May 2013
Dear Sir,
Please suggest depreciation treatment of asset whose total of Accumulated Opening Depreciation and Depreciation during the year exceeds the Closing Gross Block under Straight Line Method. Due to this Net Block is showing a negative balance.
Kindly provide guidance on this.
Please suggest depreciation treatment of asset whose total of Accumulated Opening Depreciation and Depreciation during the year exceeds the Closing Gross Block under Straight Line Method. Due to this Net Block is showing a negative balance.
Kindly provide guidance on this.
Rupesh Jain
(Expert)
30 May 2013
YOU CANNOT CLAIM DEPRECIATION ON THAT ASEETS . WHO ALREADY FULLY DEPRECIATE
FOR THAT YOU REVALUATE THE ASSETS IF IN USE.
OTHER WISE NO DEPRECIATION CAN CLAIM
FOR THAT YOU REVALUATE THE ASSETS IF IN USE.
OTHER WISE NO DEPRECIATION CAN CLAIM
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