if a furniture is sold for 36900 on 16-11-2019 and the closing wdv is 23000 as on 31-3-20
how do I calculate the book value of the furniture for the purpose of depreciation under companies act ?
1 Replies
abhay garg
(Senior auditor)
(110 Points)
Replied 15 September 2020
Depreciation on furniture will be calculate up to date of sale in books and then you can calculate the profit and loss on sale of furniture
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