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Recording of asset received in will

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(Querist)
10 May 2014 Suppose, I Have received a fixed asset in will. At what Value I Should record it in a situation when i have book value & market value? and in the situation where i have market value only?
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Ravindra Srinivasa

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Ravindra Srinivasa (Expert)
12 May 2014 Value of registration cost to your name will be the cost for you and that only you can record.
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jigar thacker

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jigar thacker (Querist)
13 May 2014 thank you sir..............
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