Residuel value fixed asset
This query is : Resolved
17 June 2015
if asset have expire all usefull -95 % w/off by dep ,how can written of whole amt of asset resi value 5 %
if no any realise value what is acct treat mate of 5 % resi value of fixed asset as per company act 2013
if no any realise value what is acct treat mate of 5 % resi value of fixed asset as per company act 2013
17 June 2015
It can be charged to P/L Account if it is of no use. Else, keep it as Asset and at the time of sale transfer the profit/loss to P/L Account.
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