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Capitalization_ventilation cooling system installed plant

This query is : Resolved 

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


It's a plant & machinery

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


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

Thanks for the Solution.


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