Shall we capitalise these items ?
This query is : Resolved
25 March 2014
Dear Sir
Shall we capitalise the following as fixed assets ?
1) purchase of new cartridges
2) purchase of computer mouse
3) purchase of motherboard, adapter, hard disc
4) purchase of UPS
Total purchases may be below 50000 to 60000.
Please answer and if yes to which account should this be debited ?
Thanks
Arun
Shall we capitalise the following as fixed assets ?
1) purchase of new cartridges
2) purchase of computer mouse
3) purchase of motherboard, adapter, hard disc
4) purchase of UPS
Total purchases may be below 50000 to 60000.
Please answer and if yes to which account should this be debited ?
Thanks
Arun
25 March 2014
They should be capitalized under computer a/c.
It relates to the block-plant and machinery and fetches 60% depreciation.
It relates to the block-plant and machinery and fetches 60% depreciation.
25 March 2014
In my opinion, Cartridges may be classified as expense in P&L as expense and other items be capitalised as fixed assets.
25 March 2014
1. no, EXP IT
2. no, EXP IT
3. yes only if there is an increase in effiiciency compared to previous performance...as per AS 10...else exp it
4.SAME AS 3...else exp it.
2. no, EXP IT
3. yes only if there is an increase in effiiciency compared to previous performance...as per AS 10...else exp it
4.SAME AS 3...else exp it.
26 March 2014
cartridge is ok for expense. but computer mouse is part of computer ....
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