Here i would like to ask you one query regarding below scenario. we have capitalized one asset in 01.10.2020
with value 60000 for useful life 5 years & depreciation key is LINS where asset value will be fully depreciated in 5 year.
Please find below snap for your snap :-
(Depreciation has been calculated till Feb 2021 Rs. 5000/-)
But now in March 2021 we realized that we need to set capitalized value Rs. 62400 for useful life 4 years where depreciation value will over in 4th year. That means Asset will fully depreciated in September 2024.
(From March 2021 Depreciation should be calculated Rs.1300 P.M)
So, Experts please guide me in this scenario how can i go ahead through ABZU transaction with how much value.
Your valuable response will be highly appreciated.
Thanks & regards,