Valuation of assets
This query is : Resolved
Suman Kumar Thakur
(Querist)
23 January 2012
If on the any assets we charged full depreciation but our assets is in good condition and we can take benefit then how can we show of this assets in our financial books (As per the Balance sheet). Please Advise me
Thanking you
Regards of
suman kumar thakur
Thanking you
Regards of
suman kumar thakur
CMA Ramesh Krishnan
(Expert)
23 January 2012
As per Accounting standard 6 asset will be depreciated up to 95% or to the extend of salvage value. so it can be shown as salvage value, in case totally depreciated can be shown as Re.1 value
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