Expense or Assets

245 views
User Avatar

ACCOUNTANT EXCUTIVE
140 Points Posted on 17 September 2020
Hard Disk
SSD DRIVE
RAM

Can Capitalize or Expenses

please suggest.
0 Reply Share Follow
On 17 September 2020 at 13:46 Report
Replies (3)
Quick Summary
This discussion explores whether IT components such as hard drives, RAM, and SSDs should be treated as capital expenditure or revenue expenditure. The consensus leans towards treating them as expenses, particularly if the amounts are not material or if the business is a trader of electronic items. If the business is not a trader, these items are generally considered assets.

User Avatar

3924 Points Posted on 17 September 2020
In my opinion all above will be revenue expenditure , please confirm with others also.
Reply
On 17 September 2020 at 14:55
User Avatar

CFO- at NHTF
58280 Points Posted on 17 September 2020
If you are a trader of electronic items it can be expense.Else it will be asset ...
Reply
On 17 September 2020 at 16:27
User Avatar

Tax and Business Consultant
11616 Points Posted on 18 September 2020
It will be revenue expenditure as amount is not material, you can Expenses out the same...
Reply
On 18 September 2020 at 23:20

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Gross total income
  2. Export Compliance
  3. Sale of plots in open land
  4. Income tax query
  5. Best CA Inter coaching in laxmi nagar
  6. HOW TO SELL SHARES OF PRIVATE LIMITED COMPANY SOME
  7. Unregistered Association of Persons (AOP) Agreemen
  8. Intimation u/s 245 of income tax act
  9. Ewaybill query
  10. IDS Refund: GSTR-2B Invoice Not Validated in State

More recent discussions | Post

Related Topics :

Loading