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Fixed assets

This query is : Resolved 
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(Querist)
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
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
12 February 2015 it will be net value i.e cost of acquistion - depreciation=wdv as on 1st day of accounting year
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Rupesh Jain

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Rupesh Jain (Expert)
14 February 2015 you can take as after the depreciation.
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