Urgent!!! High points for help ~~~~~~~~ company's equipment depreciation period has expired the equipment is not considered scrap!

1, the depreciation period has expired does not mean that the useful life of the equipment has been exhausted, depreciation is just a method of accounting above the amortization costs.

2, the equipment to continue to use to continue to keep on the books, and reflected in the list of fixed assets, the remarks column written on the depreciation has been fully depreciated, the equipment is still in use. Do not do scrapping or fixed assets to clean up the accounting treatment.

3, the depreciation period has expired on the grounds that do not want to use the machine in the law does not stand, unless the machine is no longer in line with the lease contract above the agreement. If you confirm that the machine is still in line with the agreement of the rental contract, then the other party still want to cancel the contract you can ask the other party to pay liquidated damages, litigation.