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Fixed assets

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(Querist)
12 September 2019 Does following constitutes Fixed Assets??
1. Bio Gas Plant
2. Borewell
3 Fencing
4 Labour Cottage Equipments
5 Slaughter House Equipments
6 Slaughter House Fencing
7 Work Shed
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CMA SIVAKUMAR A,ACMA.

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CMA SIVAKUMAR A,ACMA. (Expert)
12 September 2019 As per INDAS-16
. Recognition of Assets.
The cost of an item of PPE that meets the two fundamental recognition criteria must be an Asset
a.Must entail future economic benefits for the entity
b.Cost should be measured reliably
The criteria apply to initial as well as subsequent expenditure
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