depriciation
This query is : Resolved
Deepak Agrawal
(Expert)
03 February 2009
Yes it can be fully written off. But practiclly, to keep the track of assets, assets atleast 1 Re. is kept as WDV. Also 95% of depreciation is calculated for calculating manegerial remuneration...
Yes it can be fully written off. But practiclly, to keep the track of assets, assets atleast 1 Re. is kept as WDV. Also 95% of depreciation is calculated for calculating manegerial remuneration...
CA. B.SRINIVASULU
(Expert)
03 February 2009
If realisable value is zero then you can write off fully at the end of its life. Otherwise you have to restore the realisable value.
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