banner_ad

Fixed assets

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
25 February 2013 Purchase of Mobile phone and Music System can be accounted as Fixed Assets?
Profile Image

CA Prashant Gupta

Profile Image

CA Prashant Gupta (Expert)
25 February 2013 it depends, if amount is less then 5000 then no need to capitalise.
but if more then it can be capitalised
mobile and music system both can be office equipments
if there is guest house then music system can be capitalised in furniture and fixture of guest house also
but it depends on use
Profile Image

Guest

Profile Image

Guest (Expert)
25 February 2013 GENERALLY,

MOBILE PHONE SAND MUSIC SYSTEMS HAVE BEEN TREATED AS FIXED ASSETS.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details