Fixed Assets - EBS (MOSC)

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Should we retire fully depreciated assets?

edited Jun 19, 2019 1:58PM in Fixed Assets - EBS (MOSC) 6 commentsAnswered

We have lot of fully depreciated assets with NBV one OMR (i.e. salvage value). Since these assets are showing in the FAR, so our client wants to retire these assets.

Kindly let me know should i retire these assets or is there any way to exclude from FAR? What is the best practice?

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