Could any one please advice which head iphone / ipad Mobile Devices can be Classified under Fixed Asset. Whether it can be Under Office Equipment or Computers and data processing units (Information System Assets)
4 Replies
prasad Nilugal
(3924 Points)
Replied 06 August 2021
Mobile Phone should be under Office Equipment / Fixed Asset . Asset side Balance sheet . wait for others opinion also .
Renjith Pillai
(2 Points)
Replied 07 August 2021
Thank you Prasad and Sourav.
But, will iPad also can be considered as like as mobile? It can also fall under the category of Laptop (like the touch screen Laptop)
Since, there is a thin line between these devices, confusing
Regards,
Renjith
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 08 August 2021
Then show it under Computer and claim 40% depreciation
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