Fixed assests

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 May 2011 Dear sir/ Ma'am,
what does pattern dies mean????
is it similar to loose tools????

please reply to my query as soon as possible...
thanks in advance......

CA SAURABH GARG

CA SAURABH GARG (Expert)
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01 May 2011 Pattern dies means dies which are use to give shape some product such as in bottle industry dies to make bottle shape.

Consider the useful life of the assets.If it use for more than 1 year generally then recognize it as fixed assets otherwise treat it as loose tools and dies.

Querist : Anonymous

Querist : Anonymous (Querist)

02 May 2011 thank u sir....

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