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