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Sale of asset in case of companies act

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(Querist)
07 May 2013 hello friends

my query is abt recognising profit or loss on sale of asset under companies act depreciation

for eg. opening wdv of car-289770
sale value-317696
sale date-25/05/2012
f.y- 12-13
sale depreciation-11305
what is the treatment for depreciation and amount of profit to be recognisedon sale of total asset.
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Anil Sankar V

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Anil Sankar V (Expert)
07 May 2013 Follow Accounting standards,
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