Purchase of mobile phone for proprietary firm
This query is : Resolved
03 November 2020
Hi,
I have to purchase a mobile phone for my business use.
Kindy help me with below details.
1) Can I show it under asset and get depreciation benefit for it
2) Is there any cap on price of phone
Thank You!
I have to purchase a mobile phone for my business use.
Kindy help me with below details.
1) Can I show it under asset and get depreciation benefit for it
2) Is there any cap on price of phone
Thank You!
03 November 2020
Yes, show it under assets and claim depreciation.
Proportionately disallow depreciation in case of personal use.
Proportionately disallow depreciation in case of personal use.
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