Query regarding calculation of depriciation as per new companies act 2013
This query is : Resolved
05 August 2015
If the residual value of an asset is 14 lacs and its WDV is 2 lakhs, what shall be the treatment of the residual value??
Also, The life of the asset is exhausted within this year.
Please help me out.
05 August 2015
if life is exhausted then the bal as on 1.4.2014 shall be transferred to retained eranings.
Amol S Joglekar
(Expert)
05 August 2015
Hope your value of 14 lakh fits well in the ceiling limit of 5% of the cost of asset?
Can you please clarify the same?
Can you please clarify the same?
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