depriciation
This query is : Resolved
CA SONI KRUNAL
(Querist)
14 July 2010
can anybody plz tell me requirement of dep as per co's act , what are the requirement of getting only 95% dep only for a partiular assets and there after show it as dead stock only?
plz give me section reference also
plz give me section reference also
14 July 2010
AFTER GETTING 95% DPE ON A PARTICULAR ASSET , THE WDV OF ASSET (5% ) IS SO LOW WHICH IS REQUIRED TO SHOW ANY ASSET IN A BLOCK.
IT IS NOT DEAD STOCK. IT IS THE ASSET WHICH IS USEABLE AFTER DEPREICATED 95% OF TOTAL VALUE.
IF WE CLAIM DEP AFTER 95%, THEN VALUE OF ASSET WILL BE NIL AFTER SOME TIME, WHILE IT IS USEABLE AND CONSISTS IN BLOCK OF ASSET. THEN FOR A RECORD OF THAT ASSET AT NEGILIBALE VALUE I.E 5%.
IT IS NOT DEAD STOCK. IT IS THE ASSET WHICH IS USEABLE AFTER DEPREICATED 95% OF TOTAL VALUE.
IF WE CLAIM DEP AFTER 95%, THEN VALUE OF ASSET WILL BE NIL AFTER SOME TIME, WHILE IT IS USEABLE AND CONSISTS IN BLOCK OF ASSET. THEN FOR A RECORD OF THAT ASSET AT NEGILIBALE VALUE I.E 5%.
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