Capitalization_ventilation cooling system installed plant
This query is : Resolved
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
Will it be under Office Equipment or Plant & Machinery.
Please advise.
Regards
Amit Nimbalkar
12 June 2019
It's a plant & machinery
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
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
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
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