Hello Team,
In Assets deemed cost exemption from 01.04.2015. Deemed cost exemption is Net Block as on 31.03.2015 was considered as Gross Block as on 01.04.2015. We want to reduce APC value of assets without effecting net book value of assets.
For Ex.
Office Eq Before 2015 APC was 100 need to deemed cost exemption APC value 20.
FY start Value changes FY end
APC 100 -20 80
Ord. dep 20 +20 0
NBV 80 80