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where will be effect the amount of depreciation in company
final account? If it will effect in P&L A/c & Balance Sheet
also than will amount be same in both sheet?
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Answer Posted / manoj thakur
Dear Arun, thanks for your ans. i agree with u. But in an
interview faced by me the ans a C.A. was that Rs of 5000/-
will be reduced first year & Rs. 9000/- (5000+4000)will be
reduced in 2nd year. but in the balance sheet show full
amount of particular asset in every year.
As per his ans, if asset value is Rs. 1 lac so that in the
balance sheet show the same value in every year, his mean
was Rs. 1lac. I was very confused.
| Is This Answer Correct ? | 1 Yes | 4 No |
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