Depreciation fund

at the time of admission of a partner how would you treat the depreciation fund given in the balance sheet
Replies (2)
Quick Summary
This discussion clarifies how a depreciation fund is handled when a new partner joins a business. Generally, the fund remains unaffected. However, its treatment can change if the admission of the partner has a direct impact on the business's assets. The core question explored is the precise meaning and implications of this asset-related condition.

Depreciation fund is not affected by an admission of Partner unless it has any affect on Assets
What is the meaning of 'unless it has any affect on Assets'

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