{
  "url": "https://openlegislation.uk/companies-act-2006/section-842",
  "json_url": "https://openlegislation.uk/companies-act-2006/section-842.json",
  "legislation": "ukpga/2006/46",
  "legislation_title": "Companies Act 2006",
  "legislation_url": "https://openlegislation.uk/companies-act-2006",
  "path": "section/842",
  "kind": "section",
  "number": "842",
  "heading": "Determination of profit or loss in respect of asset where records incomplete",
  "text": "In determining for the purposes of this Part whether a company has made a profit or loss in respect of an asset where—\n(a) there is no record of the original cost of the asset, or\n(b) a record cannot be obtained without unreasonable expense or delay,\nits cost is taken to be the value ascribed to it in the earliest available record of its value made on or after its acquisition by the company.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "S. 842 wholly in force at 6.4.2008; s. 842 not in force at Royal Assent see s. 1300; s. 842 in force at 6.4.2008 by S.I. 2007/3495, art. 3(1)(k) (with savings in arts. 7, 12 and subject to transitional adaptations in Sch. 1 paras. 14-20 and with savings in Sch. 4 paras. 33-35)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2006/46/section/842",
    "retrieved_at": "2026-10-29T09:13:40.060156+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}