Fixed assets

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 November 2013 Can a Computer System received as donation be treated as Fixed Assets. If so,how to calculate the value of this F.A.

13 November 2013 Need to actual value of the asset in the books showing donation as revenue or capital receipts in the books

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 November 2013 Sir, the problem is that this Computer System is 4 to 5 Years Old & no Original Bill has been given.

14 November 2013 then check with computer related experts and take the current valuation and book the assets


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