Selfie Stick purchased by construction company for their business.
It should treated as fixed asset or expense?.
It should be treated as expense.
3 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 15 February 2020
| Originally posted by : Vikas Chauhan | ||
 |
Selfie Stick purchased by construction company for their business.It should treated as fixed asset or expense?. |  |
Yes You can book it under FA. But., If value is lesser then Better to account in PandL as per Mr Kumar Sushank view.
Ashok Reddy Edara
(41 Points)
Replied 19 February 2020
In my opinion ,for treating any item as fixed assets as per AS10PPE,the item must generate future economic benefits into the company ,so the selfy stick may not generate any kind of inflow to the organisation ,so it better to treat it as expense
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