Hi,
Cell phone comes under which fixed asset head ?
Pls do the needful
Thanks in advance
Ashi
(Others)
(33 Points)
Replied 23 September 2014
Cell phones are generally treated as revenue expenditure.
- Ashi(www.meritranker.com)
Avinash Kumar
(CA Final Student & Working as Deputy Manager Accounts)
(79 Points)
Replied 24 September 2014
Cellfone may come under " Office Equipments "
Cellfone costing below Rs 5000/ would be depriciated 100 % in the year of purchase.
CA Aditya Shah
(Chartered Accountant Entrepreneur Ex Ernst & Young)
(1908 Points)
Replied 25 September 2014
Under Plant & Machinery @ 15%