mobile can be consider as assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 January 2016
MOBILE CAN BE PURCHASE OF ANY COST FROM RS. 500 TO ABOVE
CAN BE CONSIDER AS ASSETS IN BOOKS AND CAN CLAIM DEP & ALSO CONSIDER THE RATE OF DEP
CAN BE CONSIDER AS ASSETS IN BOOKS AND CAN CLAIM DEP & ALSO CONSIDER THE RATE OF DEP
26 January 2016
If enduring benefit from that mobile is more than a year, you may capitalise the same. You may cross check the below:
1. It is not a current asset (trading asset);
2. enduring benefit is more than a year;
3. Not a personal asset; etc.
If the answer to the above all the three is affirmative, you may capitalise the same.
1. It is not a current asset (trading asset);
2. enduring benefit is more than a year;
3. Not a personal asset; etc.
If the answer to the above all the three is affirmative, you may capitalise the same.
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