Capitalisation of crockery item

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 June 2013 Sir,
If a spinning unit purchases crockery item of Rs.124500,wheather it is capitalised or not.

26 June 2013 you can capital lize under furniture & fixture a/c

Avatar

Querist : Anonymous

Profile Image
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.

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.






You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query