Easy Office
LCI Learning

Fixed Asset.

This query is : Resolved 
Profile Image

Profile Image

(Querist)
24 October 2009 When a Fixed asset of a Company whoes net book value becomes Nil, but it is decided by the Company to use for another 2 years,
What amount must be shown in Balance Sheet of the Company?
Profile Image

venkat reddy gopidi

Profile Image

venkat reddy gopidi (Expert)
24 October 2009 nil amount to be shown in the books of accounts
Profile Image

Sreedhar Atchutuni ACA,GradCWA

Profile Image

Sreedhar Atchutuni ACA,GradCWA (Expert)
24 October 2009 The asset will be shown at nil balance in Balance sheet.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CA Devanshi Gandhi (Ajani)

Profile Image

CA Devanshi Gandhi (Ajani) (Expert)
24 October 2009 u can also revalue it.....

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links