Provision for depreciation

Accountancy

In a companies balance sheet, should provison for depriciation be shown as a short term provision ? Or should the net value of asset be shown in asset side

Parvathy Ajith

CA Inter

★ 0

07-Mar-24 20:17

439

Answers (2)

Best Answer

Reduced from the Gross book value.

CA Suraj Lakhotia

Admin

10-Mar-24 13:10

No the net value of assets should be shown

Sherli Njrs

CA Final

★ 5K+

09-Mar-24 14:56