written down value
This query is : Resolved
18 October 2010
respected experts
1)what is meant by closely held companies?
2)please explain the situation with which the written down value of block of assets would be reduced to nil?
1)what is meant by closely held companies?
2)please explain the situation with which the written down value of block of assets would be reduced to nil?
19 October 2010
A company in which public are not substantially interested is known as a closely held company.
Where the sale value of any assets of block is more than written down value, the block will become nil.
Where the sale value of any assets of block is more than written down value, the block will become nil.
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