Menu
Confused please reply!
In Depreciation(cpt) Under Straight Line method When to Use this formula SL=(Cost of asset -scrap) value /life and when to use wihout subtrating scrap value i.e cost of asset/life.
Replies (4)
When info regarding scrap value wont be given in the ques.
But in one question cost=100000 life=5Year and Scrap value=2000. Is given and answer give rs20000.how?
Shubham, The Answer given in the book must be wrong.
i think that scrap value is actually realised..
Bt in the formula while calc'ng depn it is not simply a scrap value, it is "Estimated scrap value".
Recent Threads
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responsible for paying GST Liability (If th
- Excess Payment on RCM
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
Related Threads
CAclubindia
