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purchasing of software more than Rs.8000/- will be treated as
expense or assets

Question Posted / diguthe

Answers were Sorted based on User's Feedback



purchasing of software more than Rs.8000/- will be treated as expense or assets..

Answer / bijay

as per company need.buy software is an assets for your
company of taking as 60%WDV deprication

Is This Answer Correct ?    12 Yes 2 No

purchasing of software more than Rs.8000/- will be treated as expense or assets..

Answer / rahim khan

It will be treat as expenses because it is not capitalize

Is This Answer Correct ?    9 Yes 3 No

purchasing of software more than Rs.8000/- will be treated as expense or assets..

Answer / sandeep_mishra19

if software increase economic benefit for company it must be treated as asset otherwise it is an expense,

Is This Answer Correct ?    6 Yes 0 No

purchasing of software more than Rs.8000/- will be treated as expense or assets..

Answer / jagadish.r

Its an asset comes under the head fixed assets.

Is This Answer Correct ?    5 Yes 0 No

purchasing of software more than Rs.8000/- will be treated as expense or assets..

Answer / venkatreddy

sowft ware is asset
entry :
saftwere a/c dr
cash a/c

Is This Answer Correct ?    4 Yes 0 No

purchasing of software more than Rs.8000/- will be treated as expense or assets..

Answer / t.v.sethu

It depends up on the investment of the company, if the
capital is hung it will be treated as expenses and if the
capital is less than it will be treated as capital
expenditure.

Is This Answer Correct ?    2 Yes 0 No

purchasing of software more than Rs.8000/- will be treated as expense or assets..

Answer / balu

The company development depends by the using of that
software it will treat "Asset" other wise Expenses.

Is This Answer Correct ?    1 Yes 0 No

purchasing of software more than Rs.8000/- will be treated as expense or assets..

Answer / h.r. sreepada bhagi

Any asset purchased should capitalised. Those assets valued up to Rs. 5000/- can be depreciated 100% in the year of purchase & assets of higher value should be depreciated as per the Companies Act, 1956 for Companies and for Income Tax purposes as per the Income Tax Act (in India)

Is This Answer Correct ?    0 Yes 0 No

purchasing of software more than Rs.8000/- will be treated as expense or assets..

Answer / guest

expense

Is This Answer Correct ?    2 Yes 3 No

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