Easy Office
Easy Office

depriciation

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(Querist)
03 February 2009 can Asset be written of fully at end of its life ??
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Deepak Agrawal

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Deepak Agrawal (Expert)
03 February 2009
Yes it can be fully written off. But practiclly, to keep the track of assets, assets atleast 1 Re. is kept as WDV. Also 95% of depreciation is calculated for calculating manegerial remuneration...
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
03 February 2009 If realisable value is zero then you can write off fully at the end of its life. Otherwise you have to restore the realisable value.
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