Capitalization of tools and equipments
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 September 2017
Hello Sir/madam,
Whether Tools and Equipment's having purchase value of less than 1000 should be capitalized or expense out.
what should be the criteria for capitalizing such asset.
thanks in advance!!!
Whether Tools and Equipment's having purchase value of less than 1000 should be capitalized or expense out.
what should be the criteria for capitalizing such asset.
thanks in advance!!!
13 September 2017
Capitalization of Assets is not it values. It's nature transactions only.
You can capitalize your tools and equipment at any cost as a valid bill and taxable...
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