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Feb 01, 2023 at 06:54 AM

Asset Revaluation after two Year

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We have Capitalization Asset on 01-04-2021 Asset Rs10000/- then Depreciation run on that Asset RS 1000/- on that Year.

Year: 21-22

Asset Rs:10000/-

Depreciation Rs 1000/-

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Net Amt on Year 22-23 RS 9000

this year(22-23) Depreciation run for the 10 Month Rs 900/-

Net Amount will Be Rs 8100/- (Year 22-23)

Now we are Realize that Capitalization Asset Amount is not Rs10000/- it is Rs 8000/-

how to revaluation Asset ?