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Fixed assets

This query is : Resolved 
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(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?

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anil kumar

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anil kumar (Querist)
20 March 2009 My query is still open, if somebody can answer my question ASAP
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Manmohan ACA, CS

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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
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