Treatment of Accounts-
This query is : Resolved
Prasant Maharana
(Querist)
15 July 2025
Our company is a laboratory Private company and we have opened a new branch at jaipur on Rental (Building on Rental basis) and we have made Laboratory Lab on our own cost around to Rs.30 Lac & above.
Please suggest shall we book under Repair & Maintenance as the building is on rental basis
or
we should book lab under Fixed Assets..
Please suggest shall we book under Repair & Maintenance as the building is on rental basis
or
we should book lab under Fixed Assets..
CA R SEETHARAMAN
(Expert)
16 July 2025
Book lab under Fixed assets and claim depreciation.
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