fixed assets

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devang (Querist)
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22 March 2011 whether ms office software purchased should be capitalised with the computer or seprately?

CA Ravi Sisodia (Expert)
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22 March 2011 ms office software is intengible assets so will be reconise according AS-26.
computer is tengible assets so reconise according AS-10.

devang (Querist)
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22 March 2011 so it should be capitalised seprately?

CA Ravi Sisodia (Expert)
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22 March 2011 yes it should be capitalised seprately as intangible assets.

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CA Bosu babu (Expert)
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23 March 2011 yes it shd be capitalized separately.

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