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Fixed assets register

This query is : Resolved 
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(Querist)
03 July 2010 A company depreciates assets bought in CY @ 100% if their value is below 5000.
Suppose a printer worth 4500 is bought then is it to be depreciated @ 100% in CY??

what is cash in transit policy?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
03 July 2010 Yes individual assets costing less than 5000 should be depreciated 100% in the year of its purchase itself.

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