Meaning of written down value and adjusted value of assets.

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....ital allowance, if any, allowed under section 37 during that year; and          (b) any expenditure incurred for acquiring the asset to the extent allowed as a deduction in the financial year under any provision of this Code.       (3) The adjusted value of any block of assets for any financial year shall be computed in accordance with the formula—               (A+B) - (C+D+E)               Where               A= the written down value of the block of assets at the be....

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....sp;         A = the adjusted value determined under sub-section (5);            B = the amount of deduction allowed to the predecessor under sub-section (2) of section 43 in respect of the block of assets;            C = the amount of deduction allowed to the successor under sub-section (3) of section 43 in respect of the block of assets.     (7) Where a block of assets comprises of any asset acquired in any financial year from a country outside India for the purposes of business and there is variation in liability in respect of acquisition of the asset after the date of such acq....