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Mobile fixed assets
Employee buy Mobile Rs 12000/- as per company rule approve only Rs.8000/- and balance amount paid employee pocket Rs 4000/-
in office equipment how much amount mention 8000/- or 12000/-
Replies (4)
Rs. 8000 borne by the company, hence Rs. 8000 shall be recognised as cost of assets
Could it be treated as fixed asset or Revenue expenses ?
What percentage of depriciation is to be calculated on mobiles ?
Fixed Assets
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