Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 April 2014
We have revalued the assets of our company as on 31.03.13 based on the valuation report of a registered valuer. There are four units of our company. While three units following SLM of Depreciation, one unit follows WDV method. The valuer has given his workings on SLM method. We have to make entry for additional depreciation of account of revaluation . How should we pass entry for the unit following WDV method.
30 April 2014
you cannot claim additional depreciation on revaluation of assets from income tax point of view.
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