Loss on sale of fixed assets in companies
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 March 2012
IF A MOTOR CAR OPENING BALNCE IN BOOKS OF A PRIVATE LTD RS500000/- AND SOLD IT AFTER 11 MONTHS FOR RS 3.5 LACS-PL TELL DEPRECATION FOR 11 TO BE PROVIDED OR NOT FOR CALCULATION OF LOSS
06 March 2012
I think,Depreciation till the date of sale has to be calculated. Other experts may respond on this.
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 March 2012
THANKS,YOUR REPLY IS CORRECT
MAHESH PODDAR
MAHESH PODDAR
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