capital items taken as revenue
This query is : Resolved
04 July 2009
I want to know that whether following items should be capitalised or taken as expenses.
1. Electronic weighing scale Rs. 1600/-
2. Computer Monitor Rs. 7100
3. Installation expenses of AC 10000/-
4. Antiwirus software Rs. 7100/-
5. Repalcement of AC Rs. 6000/-
6. Electronic items like helogen bulb, lights tubelights Rs. 12100/-
7. Server machine Rs. 5100/-
Thanks
1. Electronic weighing scale Rs. 1600/-
2. Computer Monitor Rs. 7100
3. Installation expenses of AC 10000/-
4. Antiwirus software Rs. 7100/-
5. Repalcement of AC Rs. 6000/-
6. Electronic items like helogen bulb, lights tubelights Rs. 12100/-
7. Server machine Rs. 5100/-
Thanks
Aditya Maheshwari
(Expert)
05 July 2009
1. Electronic weighing scale Rs. 1600/-
Capitalise
2. Computer Monitor Rs. 7100/- If replacement then revenue
3. Installation expenses of AC 10000/- Capitalise
4. Antiwirus software Rs. 7100/- Revenue as to be renewed each year.
5. Repalcement of AC Rs. 6000/- If spare part then revenue, if whole replacement then capitalise
6. Electronic items like helogen bulb, lights tubelights Rs. 12100/- If first time including installation capitalise, otherwise revenue
7. Server machine Rs. 5100/- Capitalise
Capitalise
2. Computer Monitor Rs. 7100/- If replacement then revenue
3. Installation expenses of AC 10000/- Capitalise
4. Antiwirus software Rs. 7100/- Revenue as to be renewed each year.
5. Repalcement of AC Rs. 6000/- If spare part then revenue, if whole replacement then capitalise
6. Electronic items like helogen bulb, lights tubelights Rs. 12100/- If first time including installation capitalise, otherwise revenue
7. Server machine Rs. 5100/- Capitalise
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