Fixed assets recognition.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 September 2015
Dear Experts,
Please tell me what the minimum amount to fixed assets recognition,
We have furniture of value 8000/- can we recognize thous as Fixed Assets as Per AS-10 and also consider Income tax and Companies Act.
Please tell me what the minimum amount to fixed assets recognition,
We have furniture of value 8000/- can we recognize thous as Fixed Assets as Per AS-10 and also consider Income tax and Companies Act.
CA AnKiT BoHrA (AB)
(Expert)
23 September 2015
yes it must come under FA........
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