Accounting head

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niket shah (Querist)
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27 April 2015 I have purchased a office and I am confused in which head to show the same, as a fixed asset or as a investment. Also i have not yet started using that office yet for any purpose,also let me know what to do after i start using the office.
I would be thankful to those who will try to solve this query for me. Thanks once again

Niket Shah

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 April 2015 If you have purchased only office building capitalise as building. If it includes furniture and equipment capitalize it separately.
It is a fixed asset capitalize it and depreciate it yearly.

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niket shah

niket shah (Querist)
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27 April 2015 actually i have invested in same so i think i should show it in investment, still confused but thanks for your reply

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