banner_ad

Capitalization_ventilation cooling system installed plant

This query is : Resolved 
Profile Image

pro badge

Profile Image

pro badge (Querist)
11 June 2019 We have installed a Ventilation cooling system at Plant, where can we classify this Asset.
Will it be under Office Equipment or Plant & Machinery.

Please advise.


Regards

Amit Nimbalkar
Profile Image

CA Rashmi Gandhi

Profile Image

CA Rashmi Gandhi (Expert)
12 June 2019 It's a plant & machinery
Profile Image

Amitpro badge

Profile Image

Amitpro badge (Querist)
12 June 2019 Hi, CA Rashmi Gandhi

Could you please explain why it should be capitalized under plant & machinery. Do you have any previous example, so that I can explain my seniors.

Regards

Amit

Profile Image

CA Rashmi Gandhi

Profile Image

CA Rashmi Gandhi (Expert)
16 June 2019 Because the assets are installed at plant so,same is considered as plant & machinery if same is installed at office then ie will not be capitalized under P &M
Profile Image

Amitpro badge

Profile Image

Amitpro badge (Querist)
24 July 2019 Thanks for the Solution.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 April 2026
Chartered Accountant

Source HR

Mumbai

CA

View Details
Company
01 May 2026
Chartered Accountant

Agrawal Jain & Co.

Raipur

CA

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

M/s G.K. Choksi & Co.

New Delhi

CA Inter

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 02 May 2026
Accounts and Audit Assistant

Kothawade and Laddha

Thane

B.Com

View Details