sir, purchase of mattres rs.4500 is fixed or expense and what is the limit of fixed asset
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Quick Summary
This discussion clarifies whether a mattress purchase should be classified as a fixed asset or an expense for a business. It explains that the classification isn't determined by value alone, but rather by the asset's lifespan and its utility in business operations.
We can not consider something to be fixed assets by its value, rather the thing's life & the kind of work which is helpful to the business or a company .