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
i think it should not be capitalised
plz clear my doubt
Nikhil Kaushik
(Expert)
06 February 2014
yes, you should capitalized as fixture....
Message likes :
1 times
06 February 2014
as the amount is not material enough
then also we should capitalised
then also we should capitalised
Nikhil Kaushik
(Expert)
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..
Nikhil Kaushik
(Expert)
06 February 2014
you are welcome Chandini...
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