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depreciation

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(Querist)
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.
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
23 April 2008 you will capitalised mobile under fixed assets and take a dep every year
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Samir

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Samir (Querist)
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/-.
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Srinivas Sharma KN

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Srinivas Sharma KN (Expert)
23 April 2008 Don't capitalise, charge it of to revenue.
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CA Shailesh +91 9393926464

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CA Shailesh +91 9393926464 (Expert)
24 April 2008 Its in the nature of revenue exp
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