Assets disclosure

Vibhor Pandey (FINAL) (106 Points)

22 November 2011  

Dear All ,

               One Of Our Clients Hasnt Disclosed The Assets Fans In His Balance Sheet, Which Are Used In Factory. The Fans Were Purchased About 5 Years Ago & The Said Client Doesnt Have Their Purchase Bill.There Are 150 Fans In The Factory , Which Is A Significant Figure.Now My Questions Are :-

    (1) Can We Include The Assets Fans In Balance Sheet Now ?

    (2) If Yes , At What Value It Can Be Taken?

Thanks And Regards.