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recently our company purchase fingerprint reader that cost rs 5426.plz tell me whether this is a fixed asset or not.if it is fixed asset how would i calculate depreciation on that asset.
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its comes under office equipment. whatever the assets more than 5000 we can capitalise it. and can claim depreciation
whether u company is pvt ltd. we want put depreciation as per income tax act 1961 and as companies act 1956.
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