Account

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THANKS YOU SIR

 

Dear Sir

What isThe Depreciation rate of Fitting & Fixture and also Tools ? Please reply as early as possible.

 

Thanking You

Bikash Rai

West Bengal

 

Sir as per As 13 Accounting for Investment, Investments are assets held by an enterprise for earning income by way of dividends, interest, and rentals, for capital appreciation, or for other benefits to the investing enterprise. Assets held as stock-in-trade are not ‘investments’. In this case construction CO. held constructed building for sale . that mean assets held as stock in trade.

Sir as per As 13 Accounting for Investment, Investments are assets held by an enterprise for earning income by way of dividends, interest, and rentals, for capital appreciation, or for other benefits to the investing enterprise. Assets held as stock-in-trade are not ‘investments’. In this case construction CO. held constructed building for sale . that mean assets held as stock in trade.