schedule 2
This query is : Resolved
PaWaN SuThar
(Querist)
15 May 2016
Please Help,
1. which amount to be transferred to Reserve and surplus/ Retained earnings in case of change of Depreciation as per schedule 2 of companies act 2013?
2. and what effect of life of particular asset is no longer?
3. What effect in future of sales of fixed assets?
Rupesh Jain
(Expert)
17 May 2016
diff on old method and new life to charge to reserve & surplus. and so sale, sale price will be take and for loss and profit you take WDV when you sell the assets.
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