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Purchase of mobile phone for proprietary firm

This query is : Resolved 
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(Querist)
03 November 2020 Hi,

I have to purchase a mobile phone for my business use.
Kindy help me with below details.
1) Can I show it under asset and get depreciation benefit for it
2) Is there any cap on price of phone

Thank You!
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
03 November 2020 Yes, show it under assets and claim depreciation.
Proportionately disallow depreciation in case of personal use.
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