depreciation

This query is : Resolved 

23 April 2008 Company has purchased 50 mobiles phones each costing around 2000/-.In this case I would like to know should they capitalize or treat as revenue expenditure.

23 April 2008 you will capitalised mobile under fixed assets and take a dep every year

23 April 2008 what if the company are buying one or two phone at a time at different dates totalling to 50 phones wherin each invoice is not more than 5000/-.


23 April 2008 Don't capitalise, charge it of to revenue.

24 April 2008 Its in the nature of revenue exp



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