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Fixed Asset.

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(Querist)
24 October 2009 When a Fixed asset of a Company whoes net book value becomes Nil, but it is decided by the Company to use for another 2 years,
What amount must be shown in Balance Sheet of the Company?
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venkat reddy gopidi

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venkat reddy gopidi (Expert)
24 October 2009 nil amount to be shown in the books of accounts
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Sreedhar Atchutuni ACA,GradCWA

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Sreedhar Atchutuni ACA,GradCWA (Expert)
24 October 2009 The asset will be shown at nil balance in Balance sheet.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
24 October 2009 u can also revalue it.....
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