06 October 2011
When fixed assets depreciated every year. And its value comes down zero. How to show this fixed assets in the Balance Sheet of the next year.
06 October 2011
Fixed asset need to be depreciated up to salvage value. so need to be shown salvage value may be 5% of cost, if depreciated fully can be shown as Re.1 value
06 October 2011
Next year , how it should be brought to account, and what is its value. for example: a machinery purchased for 10000 and it is depreciated up to 5% of it value , means 500/- , in next financial year how it be shown, when this machinery market value is 2500/- pls explain.
every year must show the same amount, without deducting the depreciation...
CAclubindia
