Whether payment of mobile phone should be charged to revenue expenditure or capital expenditure.
Whether it can be charged to office equipments , if mobile is to be used for official purposes.
Maneet Puri (student) (71 Points)
15 June 2011Whether payment of mobile phone should be charged to revenue expenditure or capital expenditure.
Whether it can be charged to office equipments , if mobile is to be used for official purposes.
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 15 June 2011
new mobile phone purchased for business use should be capitalized
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 15 June 2011
and the rate of depreciation would be 15%
valji
(Accounts manager-MBA)
(2150 Points)
Replied 15 June 2011
MOBILE PHONE PURCHASED TREATE AS CAPITAL EXPENSES RATE OF DEPRICITION AS PER COMPANY ACT IS 13.91%
Harish Chandra
(CA (Final) Student & Doing Job in a CA Firm)
(1646 Points)
Replied 21 June 2011
as per co. act 1956 Asset rs. till Rs. 5000 can be dr. to Profit and loss account
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
