Interior work expenditure

This query is : Resolved 

15 October 2008 Our company spent more than 8 Lakhs for interior work.

My question is : 1. Can we capitalise the above expenditure ?

if yes,

1.What is the rate of Depreciation?
2.Which is the accounting head the above be capitalised?

Regards,

Joseph

15 October 2008 This interior work in on rented property or company owned Building(Fixed assets)


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