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Aug 18, 2011 at 11:45 AM

Revaluation of asset.

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Dear all,

Now our company is in the process of revaluing all the assets. Depreciation is also to be calculated on this revalued figure from 01.04.2011 but will be posted on 01.08.2011 with new rate of depreciation also.because the usefull life of the asset will be changed.There are around 100000 assets in the books.In this scenario can any one guide me as i am new to this.

regards

shivaji