Electrical items-fixed asset
This query is : Resolved
12 June 2014
Dear sir
My company was taken new building for rent.
it is office purpose.So we need to purchase electrical items and ceiling work.My doubt is those items expenses are fixed assets or expenses.
Anyone please inform me.
Thanks in advance.
Srinivas
My company was taken new building for rent.
it is office purpose.So we need to purchase electrical items and ceiling work.My doubt is those items expenses are fixed assets or expenses.
Anyone please inform me.
Thanks in advance.
Srinivas
Vishnu Saboo
(Expert)
12 June 2014
in my opinion, yes they must be capitalized
Guest
Guest
(Expert)
12 June 2014
Depending on the value and life of the items.. u can either capitalize or expensed them....
Ravi Taori
(Expert)
13 June 2014
If it is material, capitalise it, generally first time electrical expenses of new building ate capitalised.
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