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how to correct asset capitalized value (asset procurement cost)

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Dear Sir,

We have recently capitalized an asset and found that it's APC (capitalized value) is wrong and required yo be corrected as capitalized value is on higher side . Capitalization has been done in current year only .

 

Kindly advise us about the steps to be followed to correct the APC .

 

With Rgds

 

B Mittal


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