Regarding capitalisation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 June 2015
if any particular assets is purchased, whose acquisition cost is less than Rs.5000 and bill is different, than it should capitalized or not?
For eg:- If Furniture Value as on 01/04/2014 is Rs.500000, and during the year 2014-15 another furniture is purchased for Rs.2000, now Rs.2000 should capitalized or not?
For eg:- If Furniture Value as on 01/04/2014 is Rs.500000, and during the year 2014-15 another furniture is purchased for Rs.2000, now Rs.2000 should capitalized or not?
17 June 2015
Its is very minor case
Its depend on your own opinion.
If you capitalize or not it hardly matters
Its depend on your own opinion.
If you capitalize or not it hardly matters
Message likes :
1 times
17 June 2015
Yes it must be capitalised.................
Message likes :
1 times
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