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Former Member
May 26, 2009 at 03:43 AM

Decapitalization of Asset.

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Hello Friends,

I have a query. I have capitalized an asset on 01/03/2008 i.e. in the last year and this year my account books are closed and audit has been accomplished on 31/03/2009 now I want to decapitalized the same asset.

Can anybody tell me the procedure for decapitalizing an asset and also the treatment for depreciation.

Regards

Rahul Jain