Reply from patricknambore on Mar 22 at 1:46 AM Thank you all for your helpful advises.
All points are valid as they put me in a better position to understand how to treat the asset which are 'not physically available and have a zero net book value'.
Regards,
Patrick NAMBORE
| | | ---------------Original Message---------------
From: Patrick NAMBORE
Sent: Monday, January 31, 2011 6:26 PM
Subject: Fully Depreciated Assets
We at Telikom PNG Limited are also using SAP to account for our fixed assets. What is the best practice to deal with the zero book value assets or fully depreciated assets. We understand that we have to dispose/scrap the assets, however we have some assets which are fully depreciated and are not physically available. Please advise accordingly. |
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