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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Accounting treatment
Replies (4)
| Originally posted by : sri lakshmi revathi | ||
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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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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
Thank you sir. Should it be classified as intangible asset ? please suggest.
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.
intangible assets like good will patent right trademark, it does not include internet connection.
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