Deal All,
A client bought a asset for 10L. The depreciation is calculated up to 10 years .up to 9 years company calculated depreciation. In 10th year the company realizes that this asset should be present in next 2 years in our company balance sheet for that they what to hike the value of asset as 12L. How it’s possible to represent this asset in next 2 years .please share your views and solution.
Thanks & Regards,
Sreehari.