Gross value of block of fixed assets computation
This query is : Resolved
CA Parul Saxena
(Querist)
25 February 2015
If on 31.03.14 Gross value of a Block is Rs.500000 out of which assets having gross block value of Rs.200000 were got fully depreciated in 2013-14 then on 01.04.14 gross book value of the block would be Rs. 500000 or Rs.300000
CA R SEETHARAMAN
(Expert)
25 February 2015
Only on disposal of assets the gross value gets reduced. Gross book value on 01-04-14 would be Rs 500000.
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