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Hand pallet Trolley or Truck

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(Querist)
22 October 2010 Dear all,

Ours is a Manufaturing company, We have procured hand Pallet truck or Trolleyes costing Rs.15000/-. These are purly hand held and not machanical.

The life is explained to be one to two years.

Whether these should be treated as Assets of to be charged to revenue.
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
23 October 2010 This is not tools, this is material handling instruments. capitalize this.

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