Whether to capitalise - epabx system purchase

This query is : Resolved

arun laxman gaikwad (Querist)
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27 May 2015 Dear Sir
Our company purchased EPABX system of Rs.21000/- & Installation Rs.4494/- total Rs.25494/-

Whether to capitalise above ?

and if Capitalize then please tell the
fixed asset account name and life of the asset ?

Thanks
Arun

Amol S Joglekar

Amol S Joglekar (Expert)
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27 May 2015 It should be capitalised.

The life of the asset is better narrated by a. Manufacturer or b.The technical expert say Electronics Engineer.

Take the help of any of these in order to find out the authenticated information about life of asset.