Fixed assets

This query is : Resolved

Querist : Anonymous

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.

CMA Ramesh Krishnan (Expert)
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13 November 2013 Need to actual value of the asset in the books showing donation as revenue or capital receipts in the books

Querist : Anonymous

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.

CMA Ramesh Krishnan (Expert)
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14 November 2013 then check with computer related experts and take the current valuation and book the assets

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