Value considered in books of old plant & machinery
This query is : Resolved
21 September 2011
Hello friends,
My company is a newly one and is going to purchase 5 year old plant & machinery. Can somebody tell me whether i have to consider w.d.v. of P & M or i have to consider purchase value of the old plant.
My company is a newly one and is going to purchase 5 year old plant & machinery. Can somebody tell me whether i have to consider w.d.v. of P & M or i have to consider purchase value of the old plant.
CA Ravi Sisodia
(Expert)
21 September 2011
current market value/fair value(e.i. purchase value of the old plant) shell be taken.
CA Pushpendra Gaur
(Expert)
29 September 2011
The expert is absolutly right in the given case
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