Audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 August 2013
A Manufacturing company purchase Home theater system amount of rs. 5600/- , so this expenses should be should be capitalised or not ? please provide your ans.
CMA Ramesh Krishnan
(Expert)
21 August 2013
As per companies act. if the value of asset is more than Rs.5000 it can be capitalised and depreciated according to depreciation schedule
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