Dosing pump doubt?

We purchased Dosing Pump 1 No * 34000 for factory.This is Fixed assets or not?
Replies (2)
Quick Summary
This discussion clarifies whether a purchased dosing pump for factory use qualifies as a fixed asset. The key determinant is whether the pump provides future economic benefit and is integral to the production process. If it's solely used for non-production purposes, like toilet water systems, it would be considered revenue expenditure.

Yes it is a fixed asset if there is future benefit and used in production. If its used only for toilet water its revenue expenditure

Okay sir.Thank you

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