what will be the accounting entries for new fire alarm, fiber and cctv camera installation in building?
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Accounting treatment for building improvements
Replies (3)
Add them to PPE if they are used in production
It can be capitalised as office equipment. You may avail ITC and the net value can be accounted as fixed assets.
| Originally posted by : CMA Poornima Madhava | ||
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It can be capitalised as office equipment. You may avail ITC and the net value can be accounted as fixed assets. |  |
Capitalise as office equipment or plant and machinery as applicable
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