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Fixed asset
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....ixed asset<br> Query (Issue) Started By: - Velayutham Panchatcharam Dated:- 26-8-2015 Last Reply Date:- 25-12-2015 Accounting - Auditing<br>Got 6 Replies<br>Companies Law<br>Please clarify, purchase o....
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....f Walkie Talkie for communication purpose for factory is fixed asset or expense Reply By MARIAPPAN GOVINDARAJAN: The Reply: It is according to the use of the instrument. If it is utilized for spread....
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.... over years then it may be considered as fixed asset. There is the probability of disputing if it is booked under the fixed assets by the Income Tax Department. Reply By Ganeshan Kalyani: The Reply: ....
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....Company has policy of capitalising only those assets which is more ₹ 5K which means it considers a revenue expenditure and not capital expenditure. Reply By Arumugam mailvakanam: The Reply: Pur....
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....chase of walkie talkie is the capital expenditure and treated as Fixed asset. If the cost is less than ₹ 5000/- depreciation to be claimed as 100%. Reply By Ganeshan Kalyani: The Reply: Ok. Tha....
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....nks for information. Reply By Ganeshan Kalyani: The Reply: Sir if assets below the mark up amount is not capitalised does it mean that it is not accounted in fixed assets register. How the treatment i....
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....s given in books of accounts. Your answer will enrich my knowledge. Reply By Arumugam mailvakanam: The Reply: OK sir, Thanks for your information.<br> Discussion Forum - Knowledge Sharing ....