Fixed Assets-NETWOKING

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This discussion addresses the correct fixed asset classification for expenses related to computer network setup in a new office, such as wiring and server installation. Participants debate whether these costs should be categorised under 'Computer Networking Assets' or 'Furniture and Fittings' as electrical fittings. The consensus leans towards a specific computer networking asset head for clarity.

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(Querist)
04 September 2021 Sir/Madam
If company has shifted to new place and incurred expenses on wiring related to computer networks like server installation, wiring etc. then it will cover under which Asset head????????????
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
04 September 2021 Computer networking asset/ computer head.
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CMA Poornima Madhava

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CMA Poornima Madhava (Expert)
04 September 2021 These are electrical fittings to be grouped under furnitures and fittings
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Ritu

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Ritu (Querist)
20 September 2021 Please help me which is the right head.....kindly give an example for better understanding......
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