Fixed assets

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(Querist)
06 May 2016 Dear sir

Purchase of white board for office use , it will come is in office equipements.

please help me ...
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Sandeep Garg

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Sandeep Garg (Expert)
06 May 2016 i am not sure...i think it do not cost even 2000 (not electronic one). It will be charged to PL. Pls mention full facts.
Thanks
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
06 May 2016 Yes, you have to charge as Expense if you have small amount investment.
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Sandeep Garg

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Sandeep Garg (Expert)
06 May 2016 i thought some value addition is there in new comment ???????
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
06 May 2016 Yes Sandeep sir, If amount is Less than Rs, 5000/- you can charge as expense or if more than 5K then you have to take as fixed assets and charge depreciation @ 15%.
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Neeraj Sharma

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Neeraj Sharma (Expert)
07 May 2016 below 5k - office maint. exp. otherwise -FA furniture
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Sandeep Garg

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Sandeep Garg (Expert)
07 May 2016 Mr Neeraj....there is no further information on this issue by the querist. and what u r telling is already mentioned. What is the need to put unnecessary comments here???? there r so many open queries...better solve them.

Thanks

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