Fixed asset categorisation

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Accounts Executive
42 Points Posted on 15 January 2013

Fan will be capitaliesd under which asset head :

Office equipment or Furniture & Fixture ??

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On 15 January 2013 at 11:00 Report
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Employed
297 Points Posted on 15 January 2013

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

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On 15 January 2013 at 11:32
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Accounts Executive
42 Points Posted on 15 January 2013

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

 

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On 15 January 2013 at 11:33
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Accounts Executive
42 Points Posted on 15 January 2013

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

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On 15 January 2013 at 11:41

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