depreciation
This query is : Resolved
23 April 2008
Company has purchased 50 mobiles phones each costing around 2000/-.In this case I would like to know should they capitalize or treat as revenue expenditure.
23 April 2008
you will capitalised mobile under fixed assets and take a dep every year
23 April 2008
what if the company are buying one or two phone at a time at different dates totalling to 50 phones wherin each invoice is not more than 5000/-.
23 April 2008
Don't capitalise, charge it of to revenue.
24 April 2008
Its in the nature of revenue exp
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