An asset is depreciated upto 98% as on dt. 01.04.14, then the residual value would be 2% or 5% by reversing the extra depreciation by 3%. Pls guide me its urgent.
Ravi, we will take salvage value 2% instead of 5%, the gain would be realized in future when assets will be sold. In depreciation chart excess depreciation charged amount will be disclosed.
