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What is stock & accounting treatment to Asset having zero book value left after depreciation?

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Question added by Bishan Jamwal , Finance Manager , G4S Qatar WLL
Date Posted: 2015/12/09
Umair Javed
by Umair Javed , Deputy Manager Accounts & payables , Fazal Group Of Companies

No entry is required if the asset is using after its useful period have zero salvage value.Amount shown in Balance Sheet with full amount and with accumulated depreciation.

For Example An asset having a cost of and after useful life of5 years.So in each year depreciation would be0 and accumulated depreciation after5 years would be.So asset with cost of and Accumulated depreciation of shown in the Balance sheet.Means with zero Book value. 

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