Depreciation of residual value- if useful life is 0

Mansi devani (CA) (73 Points)

18 July 2016  
Hello, I have a query. The assets are shown in balance sheet as residual value @ 5 %. So during the current year, No depreciation will be taken. As per companies act, 2013, useful life of assets are nil. Now, can i show assets in balance sheet as it is or not????