Hi Folks,
How does the system handle revaluation and Impairment of assets in case of smoothing and catch up method.
I have looked through the posts in the form, but unable to get a right answer.
1. Suppose,the cost for Asset Rs588,810, useful life is 10 years. after 17th month it is revalued as worth Rs 650,000. How is the depreciation calculated in smoothing and catchup method.
2. Suppose,the cost for Asset Rs588,810, useful life is 10 years. after 17th month it is revalued as worth Rs 450,000. How is the depreciation calculated in smoothing and catchup method.
Thanks,
Rashmi