Selfie Stick purchased by construction company for their business.
It should treated as fixed asset or expense?.
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Fixed Assets
Replies (3)
It should be treated as expense.
| Originally posted by : Vikas Chauhan | ||
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Selfie Stick purchased by construction company for their business.It should treated as fixed asset or expense?. |  |
Yes You can book it under FA. But., If value is lesser then Better to account in PandL as per Mr Kumar Sushank view.
In my opinion ,for treating any item as fixed assets as per AS10PPE,the item must generate future economic benefits into the company ,so the selfy stick may not generate any kind of inflow to the organisation ,so it better to treat it as expense
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