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Fixed Asset

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(Querist)
23 February 2011 IF company wants that asset purchased of less than 10000 should not be capitalized. can company do this? Explain?
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Selvakumar Selvaraj

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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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