Capital or Revenue
This query is : Resolved
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?
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
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.
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
17 November 2008
It depends upon the useful life of the asset. Otherwise it can be written off.
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