Why additional depreciation on revalued amount is added in computation of taxation while calculating tax ?
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Valuation of goodwill
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this is done while calulating FMP.....because these are the profits expected to be earned in future.....as assets have been revalued and the past profits have been calculated based on the book value of assets and depreciation thereon.......so additional depreciation on revalued amount need to be adjusted to find out FMP...(future profits)
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