if WDV rate is calculated as per schedule 2 (or guidance not in depreciation) and then the asset is depreciated over it's useful life,
Should the residual value be carried forward after it's useful life or should it be written off to P/l as depreciation?
say for example the useful life gets over on 31-03-2017. can the WDV written off as depreciation in P/l account?
Menu
Depreciation: carrying amount of asset after it's useful life
Replies (1)
Shall be carried Forward till disposal/sale of asssts
Recent Topics :
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
Related Topics :
CAclubindia
