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Valuation of an asset

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244 Points Posted on 25 November 2019
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....
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On 25 November 2019 at 20:17 Report
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7558 Points Posted on 26 November 2019
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
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On 26 November 2019 at 13:26
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17264 Points Posted on 26 November 2019
Introducing as a capital asset where ?
As a proprietory concern or a Partnership Firm ?
Please be more specific in query .
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On 26 November 2019 at 20:03


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