Can EDC Machine ( Electronic Data Capture ) be treated as a Fixed Asset ?? If no then what is the reason for that ??
Vishal Khanvilkar (Student) (202 Points)
16 December 2015Can EDC Machine ( Electronic Data Capture ) be treated as a Fixed Asset ?? If no then what is the reason for that ??
Ankita Vadhwana
(Accountant)
(24 Points)
Replied 24 December 2015
If it is rented it cannot be treated as fixed asset.
and if you paid one time for it than it can be treated as fixed asset.
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