Capital Expense or Operational Expense
This query is : Resolved
19 February 2009
We have purchase 20 nos round table for banquet @Rs. 4050 per table. So is it a capital expense or operational expense kindly clarify.
20 February 2009
Since you have purchased 20nos for banquet eventhough each price is less that 5000 cumulative is Rs.90000/-, therefore the same has to be capitalised.
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