As per our company policy fixtures, furniture, and office equipments life time is 4 years, that means 25% per annum of the depreciation. Some of the assets after 4 years wind up and remaing some still use after 4 years. Here my auditor for the time of audit he will not consider depreciation for that assets. Please guide me in this case what is the effect in accounts book for the depreciation. Because there is a difference between auditor computation and my computation, mine concidered still after 4 years using assets i put normal rate of depreciation. Please guide me.
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