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Querist : Anonymous

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Querist : Anonymous (Querist)
21 August 2013 A Manufacturing company purchase Home theater system amount of rs. 5600/- , so this expenses should be should be capitalised or not ? please provide your ans.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
21 August 2013 As per companies act. if the value of asset is more than Rs.5000 it can be capitalised and depreciated according to depreciation schedule

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