Gross value of block of fixed assets computation
This query is : Resolved
25 February 2015
If on 31.03.14 Gross value of a Block is Rs.500000 out of which assets having gross block value of Rs.200000 were got fully depreciated in 2013-14 then on 01.04.14 gross book value of the block would be Rs. 500000 or Rs.300000
25 February 2015
Only on disposal of assets the gross value gets reduced. Gross book value on 01-04-14 would be Rs 500000.
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