Sir please kindly clarify my doubt
This query is : Resolved
02 November 2013
Is cell phone is an asset or not
How to account when purchase of a cell phone
if it is an asset the depreciation particulars also please clarify me
How to account when purchase of a cell phone
if it is an asset the depreciation particulars also please clarify me
02 November 2013
cell phone is an asset, but depreciation is allowed only when you have business and to prove that it is being use for business either partly or fully.
if so, then depreciation @ 15% will be apply
if so, then depreciation @ 15% will be apply
Nikhil Kaushik
(Expert)
02 November 2013
it shall be included in plant and machinery.
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