Capital or Revenue

This query is : Resolved

varun gupta (Querist)
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14 May 2008 Expenditure incurred on purchase of some equipments for office in bulk say 40 items costing Rs 2500/- each totalling Rs. 100000/- will be expensed off or capitalized?

CA Hemant T Dewani

CA Hemant T Dewani (Expert)
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14 May 2008 for what purpose you are purchasing equipment is important if it used for more than a year then it is capitalised
f e you are purchase catraige for printer & its cost is 4000 then it is revenue exp.& you are purchasing small parts for wear & tear then it is revenue exp

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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14 May 2008 1. What is the equipment?
2. What is its useful life?
3. What is your capitalisation policy,if
any.

varun gupta

varun gupta (Querist)
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14 May 2008 Internet Data cards have been purchased, now shd it be capitalized or expensed off?

PC-www.bharadwajinstitute.com

PC-www.bharadwajinstitute.com (Expert)
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19 June 2008 I assume the question as

Equipments for office use like furnitures etc. are to be capitalised..

but the question could have been clear.

with regards

PC
profvpp@gmail.com
www.bharadwajinstitute.com

Ravikumar.G

Ravikumar.G (Expert)
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17 November 2008 It depends upon the useful life of the asset. Otherwise it can be written off.

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