Kitchen equipment purchase

This query is : Resolved 

12 September 2012 Dear


Kitchen equipment purchase for amt Rupees Below 10000. IS it comes under Fixed Assets


More over broken items like Plates, Cup, Soup bowl. Is this comes under fixed Assets


Kindly reply

12 September 2012 kindly mention what is the companies business?? say i assume it is an hotel business ,so it shal be classified as fixed assets,if not treat it as consumables and expense it out

12 September 2012 1. Treated fixed assets
2.Plates cup and bowl will be trated as operational exp.

as per hotel industry.


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