if we have taken Mobile phone for employees use ,can we
taken as assests for the company ? then what is the
deprecation rate ?
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Answer / h.r. sreepada bhagi
If the value of each mobile phone is Rs. 5000/- or less, it
can be taken as asset and depreciation can be charged @ 100%
in the same financial year.
If the value of each unit is more, then rate mentioned in
Schedule to Indian Companies Act, 1956 has to be applied in
case of Company Accounts. In case of business units other
than companies (Ltd., Pvt. Ltd.), depreciation is calculated
as per the Income Tax Act, 1961 for Computation of Income
for filing the Tax Returns. Under income Tax also 100%
depreciation can be charged if the unit cost is as mentioned
above.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / anchit saxena
mobile phone shall be considered as information technology
asset for a company.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / saman silva
Answer 4 is not logical ,mobile phones given by company for
the communcating company affairs ,
if the n04 answer correct computers also not a assests
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / venkat
this is employee benifit it does't considered as asset of
the organisation.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / nagabushanam
we cont treat the mobile as a asset , because mobile treat
as a expence to the company.
| Is This Answer Correct ? | 0 Yes | 3 No |
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