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Fixed asset

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 August 2013 if company replace any furniture & Fixture that furniture & Fixture should be capitalized or not
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CA Vijeta Verma

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CA Vijeta Verma (Expert)
01 August 2013 why is the requirement of capitalising it?you are buying new furniture then simply compute profit/loss on asset sold.Show new asset in balancesheet
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Querist : Anonymous

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Querist : Anonymous (Querist)
02 August 2013 thanx,,,

That means if old furniture & fixture WDV is 0 then new asset (F&F) also capitalise at Rs 0 value.
There is no materiality of amount
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