Capitalisation of crockery item

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Querist : Anonymous

Querist : Anonymous (Querist)

26 June 2013 Sir,
If a spinning unit purchases crockery item of Rs.124500,wheather it is capitalised or not.

Rupesh Jain (Expert)
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26 June 2013 you can capital lize under furniture & fixture a/c

Querist : Anonymous

Querist : Anonymous (Querist)

26 June 2013 sir,
if cost of crockery is only rs. 5000/- than what is treatment wheather treatment is depend on total value.

Rupesh Jain (Expert)
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27 June 2013 you can capitalized it but value of "assets is below Rs. 5000/- then you can 100% deprecate in purchase year"

as per company act.

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