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We will deduct the residual value from the assets for calculation of depreciation but during refund of grants in respect of depreciation calculation whether we deduct the residual value from assets again ?

Jashvanth.K

CA Inter

★ 11K+

30-Apr-24 09:51

209

Answers (2)

Best Answer

Depreciation on AS 12 refund Carrying amount of current year - net govt. Grant - revised rv/ remaining years

Hamna KSMB

CA Inter

★ 6K+

30-Apr-24 10:43

Thank you

Thread Starter

Jashvanth.K

CA Inter

★ 11K+

30-Apr-24 10:47