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Valuation of an asset
if we have a personal property which was purchased around 10 years back , now if we introduce that asset as a capital to a business then at which value the asset should be recognized....
Replies (2)
You need to consider depreciation for 10 year's on the property. then the wdv as on the date of introducing the property in the business wud be the value that needs to be shown as an fixed asset
Introducing as a capital asset where ?
As a proprietory concern or a Partnership Firm ?
Please be more specific in query .
As a proprietory concern or a Partnership Firm ?
Please be more specific in query .
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