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Depriciation as per new co act 2013

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(Querist)
13 June 2014 how to charge Depriciation as per new co act 2013 on existing assets
For example remaining carrying value of the asset is 50% of the original cost and the remaining useful life is zero as per Schedule II, then what will be treatment of the 50% remaining value? Should it be charged to reserves?

Regards
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
13 June 2014 cant understand what exactly u asking for....................
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Vishnu Saboo

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Vishnu Saboo (Expert)
16 June 2014 yes, you have to charge off it to reserve, no more depreciation to be charged on same.
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