CFS

Accountancy

Revaluation is done in the beginning of the year, so why can't we say the whole depreciation is provided. Why we calculate additional depreciation.

Umayal Lakshmanan

CA Final

★ 6K+

13-Mar-23 10:14

620

Answers (2)

Since the asset were revalued only for the purpose of acquisition, we need to compute differential depreciation.

CA Suraj Lakhotia

Admin

14-Mar-23 17:36

Oh ok sir. Thank you sir

Thread Starter

Umayal Lakshmanan

CA Final

★ 6K+

15-Mar-23 16:06

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