Cold store - part of building or plant/machinery

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4 Points Posted on 06 April 2020
We have a building which has a office, depot for keeping general goods and in the the same building we alsp have a cold store, so my question is that whether this cold store will be part of land & building asset (i.e.no depreciation) or it will be shown as plant & machinery and depreciation will be charged
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On 06 April 2020 at 20:06 Report
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This discussion explores whether a cold store within a larger building, which also houses offices and general goods storage, should be classified as a building asset (non-depreciable) or plant and machinery (depreciable). The consensus leans towards treating the cold store's machinery setup as plant and machinery, allowing for depreciation.

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Chartered Accountant
12739 Points Posted on 07 April 2020

As per my view . 

it shall be considered as P& M 

and dep. is allowed 

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On 07 April 2020 at 08:13
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4 Points Posted on 07 April 2020
Can please someone give a confirmed answer
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On 07 April 2020 at 19:07
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2 Points Posted on 08 April 2020
I think Machinery Setup used to Keep things in cool in stores are belongs PM.
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On 08 April 2020 at 03:10

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