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recently our company purchase fingerprint reader that cost rs 5426.plz tell me whether this is a fixed asset or not.if it is fixed asset how would i calculate depreciation on that asset.
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its  comes under  office equipment. whatever the  assets more than 5000  we can  capitalise it. and can claim  depreciation

whether  u  company is   pvt ltd. we want  put  depreciation   as  per income tax act  1961 and  as  companies  act  1956.


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