Interested to Buy Any Domain ? << Click Here >> for more details...
is we purchase any software like installation of MS Windows
do we need to capitalize it or post it under head repair &
maintenance A/c?
- 4 Answers
- 9608 Views
- I also Faced
- E-Mail Answers
Answer Posted / dipinder kaur
cost of new software(if forming indispensible part of asset) if bought along with computer should added to computer's cost n thus both to be capitalized.If bought separately then also it should be capitalized.BUT if it is a routine activity to renew the software every year,then it should be debited to p&l account.AND in case of companies,software bought below rs. 5,000 can be 100% depreciated after being capitalized.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
pass journal entry for Prepaid insurance
Q1©. Gratuity of Rs. 1,20,000 is received in August, 2007 by Mr. M, a legal heir of Mr. R aged 45 years who died on June 28, 2007. Is it taxable?
What action could be taken by you and your manager to improve your performance in your current position?
wht is different between defered tax liablities and defered tax assets??????
Tell us what kind of work environment do you prefer?
What is the treatment of claim settled by insurance company but still receivable in profit and loss account
Mohan sold goods on 1st sep 2009 for the rs 200000/- to sohan immediatly accepted a 3 month bill.on the due date sohan request for the renewal of the bill for further peirod of two month .mohan agree to pay interest @9% per annum to be inculuded in the new bill . determine the amount of new bill?
How to make a entry in tally for Land & Building Purchased for RS.1,65,00,000/-(Total Consideration)Paid Installment wise as 30 lakh,10 lakh,20 lakh & 1,30,87,500
Please explain the difference between provision and reserve?
How to treat company managers personal expenses met by company if he is not taking salary from company and in future salary will be payable after deducting all personal expenses (salary amt will be decided only at paying year). pass journal entries
What is journalizing? What are the columns of a journal?
Tell me what is the abbreviation for the accounting terms debit and credit?
bank releted question interviw plz tel me
Tell me what are the key tasks for account executive?
I am working in govt. sec. How to make journal entry in books for Fix Deposit
