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Capitalization

This query is : Resolved 
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(Querist)
18 June 2013

Is Crockery set worth Rs.1 lacs & more should be capitalized in company . Is answer is different in case of hotel industry ?
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Rupesh Jain

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Rupesh Jain (Expert)
18 June 2013 it should be capitalized
and claim under furniture head depreciation

but under hotel you can cliam under plant & machinery depreciation rate
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Guest

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Guest (Expert)
20 June 2013 Crockery expenses may also be revenue, depending upon general expenditure of company.
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