https://www.taxtmi.com/forum/issue?id=109077 Whether a portable communication device is treated as a fixed asset or an expense depends on its intended use and the period over which benefits are expected to accrue. If the device is used over multiple years it is capitalised as a fixed asset, subject to the company capitalisation threshold. Items below the threshold are often treated as revenue expenditure and expensed, with depreciation or immediate write-off applied per accounting policy and tax practice. en-us Wed, 26 Aug 2015 08:08:04 +0530 Thu, 23 Jan 2025 15:56:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109077 Whether a portable communication device is treated as a fixed asset or an expense depends on its intended use and the period over which benefits are expected to accrue. If the device is used over multiple years it is capitalised as a fixed asset, subject to the company capitalisation threshold. Items below the threshold are often treated as revenue expenditure and expensed, with depreciation or immediate write-off applied per accounting policy and tax practice. Discussion-Forum Companies Law Wed, 26 Aug 2015 08:08:04 +0530 https://www.taxtmi.com/forum/issue?id=109077