Hi frnds..... plz help me in solving dis query.....Whether a newly purchased Hard Disk should be treated as revenue expenditure and charged to P&L A/C or as capital expenditure keeping in mind the conditions of PARA 12 of AS10
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new HDD for Pc( whether capitalised or treated as rev exp)
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As per my knowlege, the same should be charged off to the P & L account, unless it costs significantly & easily identifiable as separate asset.
Request other experts to provide more inputs on this...
Thanks
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