Fixed assets
This query is : Resolved
anil kumar
(Querist)
19 March 2009
Whether the asset fully depreciated and the asset existed on the date, to be removed from the asset register or can it be continued in the register as assets.
And if the asset is discarded or worn out due to time factor, has to be removed from asset register, its depreciation is till to be claimed?
And if the asset is discarded or worn out due to time factor, has to be removed from asset register, its depreciation is till to be claimed?
anil kumar
(Querist)
20 March 2009
My query is still open, if somebody can answer my question ASAP
Manmohan ACA, CS
(Expert)
22 March 2009
assets shall be discared only after its sale or destroyed
however depreciation shall be available till its estimated life not till sale
however depreciation shall be available till its estimated life not till sale
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