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Fixed asset additions
During the current year, company A has acquired company B, how should the treatment of fixed asset additions be made for the purpose of income tax? How should we consider the written down values of the company B in additions of company A?
Replies (1)
While acquisition you needed to appoint assets valuator (approved valuator) and he should valuate all the assets and submit the list to you. And based on that list company A can add those assets and take a depreciation based on usage days...
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