01 November 2012
Dear all, I have a doubt.A company have a fixed asset viz,Electronic equipment-Computer & Accessories costing Rs.442835.00 as on 01-04-2012.Later they purchased laptop battery costing Rs.3250 and same has adjusted in Repairs and maintenance.Is it correct?
Guest
Guest
(Expert)
01 November 2012
generally considering amount involved and life of laptop battery which would no be for more than 1 year. so it can be considered as a revenue expenses and treated as a repair and main. exps.
CAclubindia
