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Sale of Asset

This query is : Resolved 
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(Querist)
28 June 2010 Hello,

Original cost of asset sold :Rs415000
WDV of asset sold as on :Rs.334092
Asset sold for Rs 25500/-

the depreciation has been provided as per Companies Act,1956

Will the loss on sale of asset be allowed as per Companies Act for the company?if yes,what would be the amount of Loss?


Thanks & regards
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
28 June 2010 duplication
https://www.caclubindia.com/experts/sale-of-asset-419475.asp

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