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Q & A
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0 Ans
We are not clear as to the Residual value which should be 5% of the Original Cost of the Asset or it should be 5% of the Carrying Value of the Asset (WDV). but as per Schedule-II of the Companies Act, 2013 has specified that Residual Value of 5% should be taken on the Original Cost of the Asset only and not Carrying Value.
Please give your feedback how to calculate the same.
Accounts
Posted By: Chnadravijayshah 10 year(s) ago
This question has been closed if you want to answer,you have to re-open.
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RAHUL
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