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.
CMA Ramesh Krishnan
(Expert)
09 August 2013
Yes. calculating the depreciation, need to keep the 5% salvage value
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