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Depreciation

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(Querist)
07 May 2011 I want to know that if we purchase a computer component like ram,harddisk etc.assume its cost Rs. 7500 we can treat this revenue expenditure or not
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CA Navin Jain

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CA Navin Jain (Expert)
07 May 2011 you can treated its a revenue expenditure
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Saurabh garg

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Saurabh garg (Querist)
07 May 2011 but we read asset cost more than 5000 becomes capital expenditure and its life is more than a year.
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CA Navin Jain

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CA Navin Jain (Expert)
07 May 2011 but in the case of computer ups hard disk u can assumed that life is not more than one year
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Saurabh garg

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Saurabh garg (Querist)
07 May 2011 but its cost is more than 5000. Acc. to law asset cost more than 5000 cannot be charge as revenue expenditure

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