04 September 2013
25 chairs purchased @ Rs. 3500 each. Total bill amount = Rs. 87500. My question is that since all the chairs are of value below Rs. 5000, so whether it should be depreciated 100% or what?
04 September 2013
Hai, Please Note, If 25 chairs purchased individually you can write off. If purchased in single bill than you have take to your fixed assets. from there you have provide depreciation.
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