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Glow sign board

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(Querist)
30 January 2018 LED 3D Glow Sign Board purchased INR 17K, Can i consider fixed asset or expenses.

Please clarify my doubt.
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CA Mayur Todmal

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CA Mayur Todmal (Expert)
30 January 2018 depends on useful life of board , if it last for more than a year you can treat it as an asset and you need to apply materiality concept also

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