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Accounting Standard

This query is : Resolved 
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(Querist)
23 May 2008 Hai

There is an apartment in our compnys fixed asset register which was not used by the company last year. From Dec07 onwards the company has let out the same for 10,000.
Should it classify under the fixed asset or investment?
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CA. Yayati Tyagi

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CA. Yayati Tyagi (Expert)
23 May 2008 fixed asset only.

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