Hi,
Cell phone comes under which fixed asset head ?
Pls do the needful
Thanks in advance
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Cell phone - fixed asset head
Replies (3)
Cell phones are generally treated as revenue expenditure.
- Ashi(www.meritranker.com)
Cellfone may come under " Office Equipments "
Cellfone costing below Rs 5000/ would be depriciated 100 % in the year of purchase.
Under Plant & Machinery @ 15%
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