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Deprecation or loss

Sravan Reddy G (CA) (618 Points)

05 August 2021

When WDV>Sale value ,
It is called loss na

Why it is calling terminal dep.

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2 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 06 August 2021

From WDV as on the opening date of the year of sale depreciation Upto the date of sale should be deducted
and from that if value is greater than sale value then it should be treated as loss

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prasad Nilugal (3924 Points)
Replied 06 August 2021

Terminal Depreciation means , last Depreciation charge before Asset disposal / Transfer , and only use in Strate line method ( SLM ) of Depreciation .