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Query Regarding Fixed Assets

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(Querist)
28 June 2016 What should be the treatment in books of accounts of those fixed assets whose useful life as per companies act 2013 has expired but are still used by the company?
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Rupesh Jain

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Rupesh Jain (Expert)
28 June 2016 as per company act you have bal. of 5% of the value of the assets and you not provide the depreciation as per company act. as when you make sale or dispose off then you make the entry in books of accounts.
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