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Apr 27, 2009 at 06:40 AM

Reducing the depreciation

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Hi,

We have revalued the assets. Report is:

Gross Replacement Value: Rs. 10 Lacs

Cost: Rs. 5 LAc

Acc Depn: 2 Lac

Net Replacement Cost: 9 LAc

So Depn on GRC to be provideed Rs. LAcs (GRC - NRC)

Already provided in Acc Depn: Rs. 2Lacs

Therefore additional depreciation to be reveresed: 1 LAc (Rs. 3 LAcs - Rs.2Lacs)

How to provide for the same ?

TCOde ABAW provides for reverse case i.e. if we want to incrrease the depreciation