14 May 2008
Expenditure incurred on purchase of some equipments for office in bulk say 40 items costing Rs 2500/- each totalling Rs. 100000/- will be expensed off or capitalized?
14 May 2008
for what purpose you are purchasing equipment is important if it used for more than a year then it is capitalised f e you are purchase catraige for printer & its cost is 4000 then it is revenue exp.& you are purchasing small parts for wear & tear then it is revenue exp
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