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subhash choudhary

subhash choudhary (Querist)
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29 October 2010 can a bicycle be an asset?

Prashant

Prashant (Expert)
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29 October 2010 Yes.
You have to capatilise this Asset.
But If cost of this asset under Rs. 5000/- u just book fully as depreciation & if over Rs. 5000/- then as asset treatment at year end.

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