My company has purchased few office & computer equipment and booked to Cap WIP A/c. Now they want to capitalise it. Apart from Company's & IT Act, can you please help me, what % has to be taken to make depreciation set-up in Asset Management Accounting Module. Also kindly help me about fixation of residual value & written off years for computer equipment (e.g. server, laptop etc.) & office equipment (e.g. tele system, projector etc.). My question is not for setting up company's financial accounting, it is for asset accounting. Can you pls suggest.
My email id is "mbiswa4u @ yahoo.co.in"
CAclubindia
