dear all,
i have lost the laptop given to me by my company,(i have kept it in the office but its not there now).
now i have resigned from the company and i want to go ahead with f&f.
i tried contacting my HO asking how much money will be deducted from my settlement amount, they are saying it will be the same amount for which they bought the laptop.
my company has bought the laptop in the year 2011 ,prior to me there was one more person who has used this laptop but they are saying that they will not depreciate the amount .
kindly guide me
From India, Bangalore
i have lost the laptop given to me by my company,(i have kept it in the office but its not there now).
now i have resigned from the company and i want to go ahead with f&f.
i tried contacting my HO asking how much money will be deducted from my settlement amount, they are saying it will be the same amount for which they bought the laptop.
my company has bought the laptop in the year 2011 ,prior to me there was one more person who has used this laptop but they are saying that they will not depreciate the amount .
kindly guide me
From India, Bangalore
Dear Masoom,
It is generally an accepted practice to value an asset post depreciation. It is also dependent on how the organization writes off an asset over a period of time, this is governed by the Assets Policy in the organization.
You should first check with the HO on what basis the value is being calculated, it is only logical to consider depreciated value and not otherwise.
Hence please go ahead and seek clarifications about the matter. You may take a stand of paying only fair value as on date of last use and not actual purchase value.
I hope this helps.
From India, Hyderabad
14It is generally an accepted practice to value an asset post depreciation. It is also dependent on how the organization writes off an asset over a period of time, this is governed by the Assets Policy in the organization.
You should first check with the HO on what basis the value is being calculated, it is only logical to consider depreciated value and not otherwise.
Hence please go ahead and seek clarifications about the matter. You may take a stand of paying only fair value as on date of last use and not actual purchase value.
I hope this helps.
From India, Hyderabad
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Laptop Policy1.0.doc