Hi,
Part of Interiors which was capitalised in earlier years has been sold along with the building for a lumpsum amount and amount attributable to each is not ascertainable. In the given case how to charge depreciation and calculate profit\loss on sale of interiors.
Caculate the amount attributable towards interior
from that deduct WDV at the end of the previous yr
if resultant figure is +ve then it is ur capital gain profit
I agree with Biswaranjan
proportionately allocate the sale proceeds on the basis of WDV of both assets and then calculated the P/L
PLEASE TELL ME THE TREATMENT OF ACCUMULATED DEPRICIATION
ACCUMULATED DEPRECIATION ID DEDUCTED FROM GROSS VALUE OF ASSETS
Hi, Could you send me Fixed Assets Register in Excel or Access format. My email id is bighnaraj80 @ gmail.com
Hi,
Please send me a Fixed Asster Register in Excel sheet Format
Iam working i an NGO
PLs also guide and update me with all the Income tax rules set for an NGO concern
thanks
By email id is
CAclubindia
