Depreciation on mobile phones

Roopesh Gangisetty (Article trainee) (176 Points)

28 September 2014  

Dear All,

 

I required info about Categorisation of Mobile phones as per Companies Act 1956 & 2013.

Can I Stick towards plant & Machinery and charge Dep @ 13.91 (WDV)

 

 

Nextly did I hav to Capitalise Mobile phones although the value is less than Rs.5,000 as per Companies Act 2013

 

Please let me know your opinons