Please anyone tell me that whether the ventilators attached in factory sheds will be classifies as a part of building or tools equipments?
CA. Roopali Kadam
(Jobs on assignment basis.)
(1453 Points)
Replied 12 June 2014
Sharing my understanding
If building under construction & ventilators like louvers, other types of such windows then capitalize in cost of building. If construction is completed then expenses in nature of repairs. If separate equipments like ventilator fans, exhaust fans its Equipments (that run on electricity.)
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 12 June 2014
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