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Internal Auditing

This query is : Resolved 
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(Querist)
22 September 2009 Hi
Dear Sir
How To Treat if the Hotel & Restaurent Purchased Some Steel Glasses & Some other Steel Items For Use In Kitchen & For Supplying to Customers These Cost Is Very Less Say About 2000 to 15000 It is An Fixed Asset Or It Can Ba Shown As Direct Expenses If It Is A Fixed Asset What is the Depreciation Please Explain Me Clearly To My E_ Mail ID Sreenath4a@gmail.com
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Kaustuv

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Kaustuv (Expert)
22 September 2009 if individual value of the assets are valued Rs. 5,000 or less, they need not to be capitalised and can be written off.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
22 September 2009 its revenue exp.
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