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(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.
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Ganeshbabu K

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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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@VaibhavJ

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@VaibhavJ (Expert)
18 October 2013 You can show under Furniture & Fixture and w/off full amount.

Thanks
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
18 October 2013 Agreed with Vaibhav.
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