Capitalisation
This query is : Open
19 March 2010
We have purchased extra monitors for few existing computers for convenience on looking/monitoring multiple sheets.
What should be the treatment done for these items in the books of accounts ?
Do we need to capitalise it ? If you look at a standalone basis these monitors cannot perform any function indepedenlty. What should be the correct treatment as per Accounting Standard /Law?
Please advice
Many thanks in advance
Regards
Ramesh
What should be the treatment done for these items in the books of accounts ?
Do we need to capitalise it ? If you look at a standalone basis these monitors cannot perform any function indepedenlty. What should be the correct treatment as per Accounting Standard /Law?
Please advice
Many thanks in advance
Regards
Ramesh
19 March 2010
This should be expensed out.
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