Opening wdv when salvage value equal to netbook value
This query is : Resolved
20 October 2016
What will be the opening wdv for the next year when salvage value equal to netbook value
24 October 2016
When the asset has reached the salvage value, depreciation need not be charged. The opening WDV would be salvage value and the same value will be carried forward to next year unless the asset is sold.
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