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fixed asset

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(Querist)
27 March 2009 Hi experts,

if i purchase 10 tables each worth Rs.4000/-, should i write it of in the same year as below 5000 or as a block of assets should the depreciation be charged on used period.
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
27 March 2009 Since the item purchased is tables which will have usage for the more than 3 years and amount involved is 50000 the asset should be capitalised and depreciation has to be charged.
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
27 March 2009 Capitalized under furniture and fixtures.
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HUZAIFA HUSSAIN

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HUZAIFA HUSSAIN (Expert)
27 March 2009 IT IS TO BE CAPITALISED .
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
28 March 2009 capitalise it
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