Please guide
This query is : Resolved
Udayabhanu
(Querist)
18 October 2013
We purchased a table for Rs. 4000. Please suggest can I book it as fixed asset. One of my collegue told that since it is less than Rs.5000 it cann't be asset.
Ganeshbabu K
(Expert)
18 October 2013
No, you need to treat it as fixed asset and need to Charge 100% depreciation in your books
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But some companies making expences less than 5000 as office expences(debit to p&l)
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But some companies making expences less than 5000 as office expences(debit to p&l)
18 October 2013
You can show under Furniture & Fixture and w/off full amount.
Thanks
Thanks
18 October 2013
Agreed with Vaibhav.
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