19 September 2014
If Assets purchased for Project at site so do we debit the fixed assets in expense & write off or not ? Or Book as fixed assets & deduct deprecation.
19 September 2014
Dear, it is totally depend on the use of assets whether it is capital nature or revenue nature for example if you are purchased a assets which is consumable nature then you can not go for capitalization. so first of all check the nature of assets and its useful life
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