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classification of fixed asset

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(Querist)
05 January 2017 Dear experts, purchase of camera for business purpose will it be classified as fixed asset?????
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Mithun Agarwal

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Mithun Agarwal (Expert)
05 January 2017 Yes, Its a fixed assets for your business.
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Ruchi

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Ruchi (Expert)
05 January 2017 Yes agreed , it is a fixed asset and entitled to depreciation @15%.
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Somashekharreddy BN

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Somashekharreddy BN (Querist)
11 January 2017 thank u alll

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