Fixed Asset
This query is : Resolved
23 February 2011
IF company wants that asset purchased of less than 10000 should not be capitalized. can company do this? Explain?
Selvakumar Selvaraj
(Expert)
23 February 2011
Yes.The Company can do it. Because the company law's Rs.5000 is the minimum amount and it was fair in 1956 and not now.
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