Net block of asset at the end of the life
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 August 2013
Is it compulsory to maintain 5% salvage value/ net block at the end of the life of the asset after charging depreciation as per the companies act,1956.
09 August 2013
Yes. calculating the depreciation, need to keep the 5% salvage value
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