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
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....
13 June 2014
If it is material, capitalise it, generally first time electrical expenses of new building ate capitalised.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Sales of goods of amount Rs97 lakhs to a party
- GST rate and HSN code for sale of racing horses
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
