Query Regarding Fixed Assets
This query is : Resolved
28 June 2016
What should be the treatment in books of accounts of those fixed assets whose useful life as per companies act 2013 has expired but are still used by the company?
28 June 2016
as per company act you have bal. of 5% of the value of the assets and you not provide the depreciation as per company act. as when you make sale or dispose off then you make the entry in books of accounts.
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