Dear all,
Please suggest me the accounting for purchase of a dedicated internet leased line.Can it be treated as asset?
Menu
Accounting treatment
Replies (4)
| 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
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.
Recent Topics :
- Guidence requested for a Finance Professional with
- Expert Opinion Required – Form 140 Gross Amo
- WRONG TAX DEMAND - formal responses , rectificatio
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
- Form 10-IEA – Continuing Old Regime
- Income tax act 2026
- Belated Return where Form 10IEA filed this year to
Related Topics :
CAclubindia
