what are the rule regarding existing fixed assets.

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Dear friends,
i am presently working in service providing company, i need some help regarding fix assets. our IT department going to upgrade existing computer system. so we purchased some new computer part to upgrade that.
could you tell me how to add new part cost in computer book value and what the depreciation rate change or not?

Kind Regards,

Zubair Ahmed

 

[scottlouie123]

If you own a business and have a place as well as devices, you have to adhere to different bookkeeping guidelines for set resources in comparison to present resources like money or receivables. Knowing this distinction is essential, especially when it comes to assessment.