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When Fixed Asset Acc. depreciation equal its Cost but Company still getting economic benefit from this Asset, what will be the accounting treatment?

Finance
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Question added by Waqar Hussain , Accountant , NAFFCO
Date Posted: 2015/05/12
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Saidul Alam
by Saidul Alam , Accountant , Akhtar Al Balushi Trad. & Cont. L.L.C

Basically company set life time of a assets , if the assets real life time is more then its calculated life time then there is a problem in calculation of life time. company can sell the assets and show the revenue as non-operating income or can set a new life time of assets.

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