Fixed assets
This query is : Resolved
14 April 2016
If a Fixed Asset costing less than Rs. 5000 is purchased/capitalised in the month of February, whether the same can be written off 100% at year end i.e. at 31st March or should be written off proportionately over 365 days from the date of capitalisation.
14 April 2016
Same can be fully depreciated in the year of purchase/ capitalised irrespective of date.
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