valuation of goodwill

Originally posted by : Isha Nisha Johar
	why depreciation is deducted when it is alerady deducted from profits?

DOUBLE ENTRY SYSTEM >> DOUBLE EFFECTS 

ONE DEDUCT FROM PROFIT 

SECOND, DEDUCT FROM FIXED ASSETS 

Hey first entry is.. Depreciation A/C Dr To fixed assets A/c... Then depreciation charged to profit and loss account.... P/L A/C dr to Depreciation A/c..... This is basic.... Why u confused in that.... See accounting is double entry systems ... Every transaction has two effects .. Otherwise how accounts get tallied... Hope u understood that

revalued figures are considered as on the date valuation of goodwill. 

so no question of depreciation on revalued numbers.