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Campus Networking Rs.71,98,521 they have paid but they have treated as Asset,is this Asset? and they bought Computer Server for Rs.503,235,is this Asset?
Replies (1)
Computer server and campus networking both are assets. Both give long time benefits.
Both are not resold, hence they are not stock in trade.
Can't be classified as revenue expenses as effects and use is of long term nature.
So both are assets, capital assets.
Both are not resold, hence they are not stock in trade.
Can't be classified as revenue expenses as effects and use is of long term nature.
So both are assets, capital assets.
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