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Fixed Assets

This query is : Resolved 
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(Querist)
01 June 2009 Can we recognise shrubs and plants (eg. crotons, etc) inside the building as assets?
The company shows that Rs.70,000 is the value of those assets.
Can this be recognised as assets or it has to be written off as miscellaneous expenditure?
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
03 July 2009 It is an revenue expenditure and should be charged to profit and loss a/c.
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