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General Accounting Discussions: Is Telephone as fixed asset

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    • CommentAuthorAdem
    • CommentTimeAug 15th 2007
     
    Dear friends,

    Telephone, Mobile,Refiregerator, Air Condition of a company considered as fixed asset? If so what will be their account name.

    Thank u
    Adem
    Thankful People: rony4icab
    • CommentAuthorfarrukh
    • CommentTimeAug 15th 2007
     
    Telephone and Mobiles treat as Expenses against (Office Supplies),

    Comapny A.C and Refiregrator treat as Fixed Assets against (Office Equipment)

    is it right, if no pls reply

    tack care
    Thankful People: rony4icab
    • CommentAuthorneo
    • CommentTimeAug 31st 2007 edited
     
    That depends on the definition employed by the company itself; eg..some company requires for an asset to be classified as Fixed Assets to worth $200.00 above and/or the asset can stand alone.
    Thankful People: rony4icab

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