Capitalization_ventilation cooling system installed plant

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.


Amit Nimbalkar

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

Amit (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.



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

Amit (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

Similar Resolved Queries :

CA Learning
Online GST Class    |    x