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Accounting treatment

sri lakshmi revathi (internship) (73 Points)

26 February 2015

Dear all,

Please suggest me the accounting for purchase of a dedicated internet leased line.Can it be treated as asset?

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sesha (accounts executive) (1101 Points)
Replied 26 February 2015

Originally posted by : sri lakshmi revathi
	Dear all, Please suggest me the accounting for purchase of a dedicated internet leased line.Can it be treated as asset?

if the cost of software internet line is morethan 5000 wecan capitalise, or it is less than 5000 means we can put on internet expenses

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sri lakshmi revathi (internship) (73 Points)
Replied 26 February 2015

Thank you sir. Should it be classified as intangible asset ? please suggest.

sesha (accounts executive) (1101 Points)
Replied 26 February 2015

no it cannot be treated as intangible asset. We can add cost of the software to the computer ie officecomputer and we can shown it shown as office assets.