Handling changes to useful life of assets

Hi Experts,

  Please guide how to handle the below cases, if the useful life of assets are changed.

1. Historical Cost : 100

2. Date placed in service : 1- April- 2000

3. Depreciation Rate (SLM)- 1.63%

4. Original Life of Asset : 30 Years

5. Life expired (Till 31-Mar-14) : 14 Years

6. Changed Life : 10 Years

Depreciation computed (till 31-Mar-14) : 100*1.63%*14 years =  22.82

Residual Value : 100-21.679 = 77.18

Now, As per the transition provision, if the asset life is changed to Nil ( 16 Years were remaining, now as per change the life becomes Zero), the residual value which is here 77.18 should be transferred to retained earnings (i.e. my previous accumulated P&L) directly and should not hit depreciation account i.e. P&L of current year.