Capitalisation of asset below the company threshold
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 December 2011
Hi,
I have a query on capitalisation of asset below the Company threshold
Eg: The Threshold set for capitalisation by the Company is $5000. Should the printer purchased for $2000, be capitalised or written off to the P & L account (SOCI)
I have a query on capitalisation of asset below the Company threshold
Eg: The Threshold set for capitalisation by the Company is $5000. Should the printer purchased for $2000, be capitalised or written off to the P & L account (SOCI)
21 December 2011
Dear,
It is optional for capitalization of assetup to Rs.5000. You have also take in account the provision of the Income tax , Act 1961. Hence You can capitalize the printer.
It is optional for capitalization of assetup to Rs.5000. You have also take in account the provision of the Income tax , Act 1961. Hence You can capitalize the printer.
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