Depreciation treatment

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Vipul Poojari (Querist)
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30 May 2013 Dear Sir,

Please suggest depreciation treatment of asset whose total of Accumulated Opening Depreciation and Depreciation during the year exceeds the Closing Gross Block under Straight Line Method. Due to this Net Block is showing a negative balance.

Kindly provide guidance on this.

Rupesh Jain

Rupesh Jain (Expert)
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30 May 2013 YOU CANNOT CLAIM DEPRECIATION ON THAT ASEETS . WHO ALREADY FULLY DEPRECIATE
FOR THAT YOU REVALUATE THE ASSETS IF IN USE.

OTHER WISE NO DEPRECIATION CAN CLAIM

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