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<p>What is the accounting treatment of that asset?</p>
What about if we revalued it if we have intention to use it??? what is the most appropriate way to dealt it? when we are using straight line method for depreciation then how we can retain1 Rupee balance?
During the last depreciation run, leave a balance of One rupee or Dirham to keep that particular asset in your books till you would like to use it and retain as assets in use by company.