Ad-Free CAclubindia and daily updates on your mobile. Subscribe Now!

C.C. CAMERA

KVP (ACCOUNTANT) (50 Points)

03 March 2009

Dear All Friends

I have purchase Closed Circuit Camera in my company, I want to know Which head I have to mention this products in Balance Sheet as a Assets? and What is the Deperication Rate on this products?

Thanks until yours reply,

Regards

KVP

Reply
Follow
Share

7 Replies

CA CS VINAYAK PATIL (CHARTERED ACCOUNTANT) (921 Points)
Replied 03 March 2009

Originally posted by :KVP
"	Dear All Friends I have purchase Closed Circuit Camera in my company, I want to know Which head I have to mention this products in Balance Sheet as a Assets? and What is the Deperication Rate on this products? Thanks until yours reply, Regards KVP	"

It is treated as plant & Machinery and depreciation @ 15%.

Upgrade to CAclubindia Pro. Subscribe Now!

Pratik K (Student) (3406 Points)
Replied 03 March 2009

Originally posted by :.VIN @ Y @ K..
"	Originally posted by :KVP " Dear All Friends I have purchase Closed Circuit Camera in my company, I want to know Which head I have to mention this products in Balance Sheet as a Assets? and What is the Deperication Rate on this products? Thanks until yours reply, Regards KVP " It is treated as plant & Machinery and depreciation @ 15%.	"

Pratik K (Student) (3406 Points)
Replied 03 March 2009

Originally posted by :.VIN @ Y @ K..
"	Originally posted by :KVP " Dear All Friends I have purchase Closed Circuit Camera in my company, I want to know Which head I have to mention this products in Balance Sheet as a Assets? and What is the Deperication Rate on this products? Thanks until yours reply, Regards KVP " It is treated as plant & Machinery and depreciation @ 15%.	"

Pratik K (Student) (3406 Points)
Replied 03 March 2009

Originally posted by :.VIN @ Y @ K..
"	Originally posted by :KVP " Dear All Friends I have purchase Closed Circuit Camera in my company, I want to know Which head I have to mention this products in Balance Sheet as a Assets? and What is the Deperication Rate on this products? Thanks until yours reply, Regards KVP " It is treated as plant & Machinery and depreciation @ 15%.	"