Fixed assets
This query is : Resolved
12 February 2015
Dear Sir,
I want to know that my client don't show the fixed assets in our accounts books some last years. But now he wants to show the fixed assets in our accounts books. Then which value show in accounts books.
purchase value or purchase value minus depreciation value last years. please tell me.
Which value will be take in books.
Thanks
I want to know that my client don't show the fixed assets in our accounts books some last years. But now he wants to show the fixed assets in our accounts books. Then which value show in accounts books.
purchase value or purchase value minus depreciation value last years. please tell me.
Which value will be take in books.
Thanks
12 February 2015
it will be net value i.e cost of acquistion - depreciation=wdv as on 1st day of accounting year
14 February 2015
you can take as after the depreciation.
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