Fixed asset entry in tally

Dilip Khambete (104 Points)

10 October 2022  

If the value of a fixed asset  drops below a

certain limit  e.g printer. Has come down to rs 500 after many years of applying depreciation , can it be written off and added to capital or is it necessary to keeep it till value becomes zero.

How should the entry in tally be made for such transaction

Please guide me

Regards 

Dilip khambete