banner_ad

Capitalisation of assets

461 views 4 replies

suppose mobile phones are shown as Fixed Assets in a company but afterwards usb cables or charger is purchased then should we capitalise them also ,or we should book book them in p/l ?

Replies (4)
They should be treated as revenue items as they are sperate from mobile phone
Book them in P/L as they are revenue items

P&L item 

we should capitalize only if such expenditure enhances the revenue generating capacity of that asset.
so treat it as a revenue expense.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details