Amortization,Revaluation and Impairment difference?
Hi,
Asset Cost 240000
Accm dep 120,222
NBV 120,000
Monthly depr 10,000
After a year,I want to decrease the cost to Rs 210,000
It can be done by three ways:
1)Manually change the cost with amortization check
2)Revaluation with negative %
3)Impairment
Is it correct understanding?
Asset Cost 240000
Accm dep 120,222
NBV 120,000
Monthly depr 10,000
After a year,I want to decrease the cost to Rs 210,000
It can be done by three ways:
1)Manually change the cost with amortization check
2)Revaluation with negative %
3)Impairment
Is it correct understanding?
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