Fixed asset categorisation

8856 views 3 replies

Fan will be capitaliesd under which asset head :

Office equipment or Furniture & Fixture ??

Replies (3)

 It is capitalized separately under electrical fittings and appliances and depreciation rates are applied accordingly.

Electrical fittings are classified under plant & machinery as per sch-14.

 

nd those fittings are for ceiling fans...what abt stand fans ??


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