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Addition to fixed assets

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(Querist)
11 July 2012 Sir
Our Client has done renovtion to its showroom and fixed ACP(Aluminium) sheets in outer parts. It taken such ACP work costing Rs.7,50,000/- as addition to FURNITURE & FIXTURES. Is it right treatment ? Could it be added in Building A/c.
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CA Lokesh Pokharna

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CA Lokesh Pokharna (Expert)
11 July 2012 aluminium sheets should be taken in to fixtures account.
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Tushar Desai

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Tushar Desai (Expert)
11 July 2012 No, it is not Building. It should be taken in Furniture & Fixtures.




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