Accounting treatment of following

Hi..

Im doing an accounting for Newly setup Crusher machine Business... My doubt regarding following items whether to expense or Capitalize.. if we need to capitalize.. under which head we need to do ??

1.Pipes and wires and cables
2.Doors and Glass doors and window frames
3.Hardware Items like iron rods and boults
Replies (5)
Quick Summary
This discussion addresses the accounting treatment for a new crusher machine business, specifically whether to expense or capitalise items such as pipes, wires, cables, doors, glass, and hardware. The advice suggests that the decision depends on the application of these materials. Items forming part of the business's building infrastructure or used as furniture and fixtures (like doors and window frames) can generally be capitalised under their respective asset classes, while other items might be expensed.

It would depend on the application of these materials. For instance, if these (s/n 1 & 3) are part of building infrastructure for your business, you may capitalize it else expense it.

S/n 2 can be capitalized as furniture & fixtures, if used in office/factory.

All of the items should be capitalised
Can be capitalised under respective assets class
Thank you all
Your welcome

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