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Capital gains

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33 Points Posted on 06 April 2021
If some depreciable asset got damaged and I have received an insurance claim for that then what should be the COA for such depreciable asset???
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On 06 April 2021 at 17:58 Report
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2742 Points Posted on 06 April 2021
Coa is depreciable amount
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On 06 April 2021 at 18:19
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Chartered Accountant
24588 Points Posted on 06 April 2021
Cost of acquisition will be the cost of the asset
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On 06 April 2021 at 18:45
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166 Points Posted on 06 April 2021
I think cost is the opening wdv of such asset
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On 06 April 2021 at 23:47
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Chartered Accountant
24588 Points Posted on 07 April 2021
Yes the carrying amount
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On 07 April 2021 at 06:20


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