fixed asset
This query is : Resolved
27 March 2009
Hi experts,
if i purchase 10 tables each worth Rs.4000/-, should i write it of in the same year as below 5000 or as a block of assets should the depreciation be charged on used period.
if i purchase 10 tables each worth Rs.4000/-, should i write it of in the same year as below 5000 or as a block of assets should the depreciation be charged on used period.
27 March 2009
Since the item purchased is tables which will have usage for the more than 3 years and amount involved is 50000 the asset should be capitalised and depreciation has to be charged.
Message likes :
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27 March 2009
Capitalized under furniture and fixtures.
27 March 2009
IT IS TO BE CAPITALISED .
28 March 2009
capitalise it
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