Capital or Revenue
This query is : Resolved
varun gupta
(Querist)
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
(Expert)
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
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
(Expert)
14 May 2008
1. What is the equipment?
2. What is its useful life?
3. What is your capitalisation policy,if
any.
2. What is its useful life?
3. What is your capitalisation policy,if
any.
varun gupta
(Querist)
14 May 2008
Internet Data cards have been purchased, now shd it be capitalized or expensed off?
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
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
(Expert)
17 November 2008
It depends upon the useful life of the asset. Otherwise it can be written off.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
