Hello friends,
Giv ur opinion on this: Gymming equipments purchased for staff should be recognised as fixed asset or staff welfare expenses?
2 Replies
ANAND S
(student)
(162 Points)
Replied 07 December 2012
Gym equipments if morethan RS. 5000 we can capitalise . I think the reason for purchase or use of asset is not change the rule. Ofcourse all are use for some office use this is my point of view
praveen
(Chartered Accountant)
(6971 Points)
Replied 07 December 2012
I it can be capitalised if the value of the products are more than Rs.5000/-
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