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Depreciation as per Companies Act

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 March 2011 Can 5 fully depreciated assets appearing in the Gross Block of 20 assets appear in the Balance Sheet as per Companies Act, 1956. What will be the treatment for Provision for depreciation accumulated?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
17 March 2011 yes they can appear. Both the gross block and provision for depreciation will have the same value.

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