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Former Member
Nov 25, 2008 at 03:20 PM

Changed asset cut off value

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Hi experts

In my compnay all assets have 5 % scrap value (cut off value). that means asset must have ramain 5% of basic value at the end of useful life. but now cilent want 100 % depreciable asset.(want to remove that 5% value). Is it possible for old asset which already capitalized and depreciated since past so many years.

If yes then what will be the Financial effect.

Regards

Nisha