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Fixed Asset - Discount applied

This query is : Resolved 
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(Querist)
25 May 2021 Dear Respected Members,

We have bought an Office chair. Its actual price is 6000 Rs, but we paid only 1000 Rs after redeeming a coupon of 5000 Rs, so should I consider 1000 rs as fixed asset value?

Thanks
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
25 May 2021 Yes, consider 1000 as fixed asset value actually incurred.
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