About depri,
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 July 2015
Sir,
When WDV of Asset is less than Scrap Value As per new companies Act 2013's than what to do.
When WDV of Asset is less than Scrap Value As per new companies Act 2013's than what to do.
16 July 2015
If the asset has 'life', keep the WDV as the residual value and need not depreciate.
If the life of the asset is expired, either you may do as above or transfer the WDV to the 'reserves and surplus' account.
If the life of the asset is expired, either you may do as above or transfer the WDV to the 'reserves and surplus' account.
16 July 2015
Reinstate the WDV to the scrap value. The gain will shown in the Profit & Loss as income.
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2015
thanks sir....................
27 July 2015
You are welcome. You should use the thanks button to convey your thanks.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Defective Return - Tds on advance
- Fixed Deposit Claim Relinquishment by the Nominee
- Income Type for interest from government bonds
- Not a CA , can we prepare balance sheet
- TDS RATE ON RENT PAID TO NRI
- TCS ON SOFTWARE SALES
- FREELANCING ACCOUNTANT
- Gst Audit dept
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
CAclubindia
