olubenson
New member
Depreciation is calculated to write off the cost of items of property, plant and equipment less than their original estimated residual values using the straight line method over their estimated useful lives. In general, it could be operated in either profit or loss.Well it does make me sick truely and i'd feel cheated
Though, capital work –in -progress represents building under construction and also the machinery which are yet to be installed. It is stated as Cost and not depreciated. Depreciation on capital work in progress commences when the assets are fully ready for their intended use.
Where an indication of impairment exists, an asset carrying amount is written down immediately to its recoverable amount if the assets carrying amount is greater than its estimated recoverable amount.
How do you feel about property depreciation / devaluation ?