Hi all,
What happens to the residual value standing in the asset a/c in the sudsequent years after the asset has been fully depreciated ie.. 95% of the original cost has been written off?
Regards,
Geetha
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Residual value - what to do with it?
Replies (2)
If the 95% of the Asset value is written off and asset is not usable it shall be writen off in that year.
SANKARANARAYANAN Ji,
Thanks for this clarification.
What are the sections w.r.t this ?
Regards
Geetha
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