Fixed assets - physical verification and accounting

1. As per your explanation , the parts and spares , consumables must be capitalised to the fixed asset a/c if there is an increase in productive capacity of the existing asset or it is certain that the new asset will be of productive use for a periodof more than a year ... If the former is not satisfied , then it is contrary to the accounting standard and hence must be written off to the p/l for better preparation and presentation of financial statements. 2.the property sold to ABC ltd is already not appearing in the books. So better not to charge depreciation on such fixed assets and let the company use those assets without accounting them. .........This is what in practical is the best way according to me. Final decision shall always be yours. Regards .