Easy Office
LCI Learning

Fixed assets capitalisation

This query is : Resolved 

06 February 2014 i want to know that whether ceilling fan capitalised ?? my client booked it as fixed assets ??

i think it should not be capitalised

plz clear my doubt

06 February 2014 yes, you should capitalized as fixture....

06 February 2014 as the amount is not material enough
then also we should capitalised


06 February 2014 well if you look at each fan the cost would appear small. However, given that multiple fans are installed in an office, it is advisable to go for substance over form and capitalize..

06 February 2014 thaxu so much /...

06 February 2014 you are welcome Chandini...



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries