if land & building value decrease as compare to previous year.
then what should we treat it as either a sale or a depreciation.
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cash flow statement
Replies (3)
depreciation obviously.
if its permanent decrement by reason of reduction in market value then u have to show as revaluation exp or transfer in revaluation account.
AGREED !!
first you should follow the component accounting.
it say's that land and building should be treated as different and do accounting as follows, because land value can't decrease except some case's.
it say's that land and building should be treated as different and do accounting as follows, because land value can't decrease except some case's.
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