Capitalisation

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rgurucharan (Querist)
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29 July 2013 Dear sir,

I have a question on accounting of fixed assets. As we purchased the 10 settop boxes for our company.

Each of the settop box is Rs. 1200. The total value of the asset is Rs. 12,000.

The accountant has considered it as maintenance expenses. But I have idea it should be classified under fixed asset.

Please clarify with this accounting issue.

with regards,

R. Gurucharan.

Rupesh Jain

Rupesh Jain (Expert)
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29 July 2013 it can be capitalized under office equipment's but under the company act it will be 100% depreciate in same year.

Ganeshbabu K

Ganeshbabu K (Expert)
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29 July 2013 1)Show as an addition to fixed assets under office equipments

2)need to charge 100% depreciation as cost of assset is less than 5000

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