03-12-2010, 06:14 PM
Dear Mohsin,
I have checked the financial statements of Sitara audited by MYASCO, but i agree with Kamran bhai that Section 235 will prevail and incremental deprecation will be routed through SOCE instead of SOCI. If MYASCO is agreed on incremental depreciation being routed through SOCI they may have some professional opinion and logic and currently, i am not aware of that logic.
I have checked the financial statements of Sitara audited by MYASCO, but i agree with Kamran bhai that Section 235 will prevail and incremental deprecation will be routed through SOCE instead of SOCI. If MYASCO is agreed on incremental depreciation being routed through SOCI they may have some professional opinion and logic and currently, i am not aware of that logic.