How do you record the business premises

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1359 Points Posted on 18 May 2022
how do you record the business premises if they have premises like train , aeroplane like structure ??
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On 18 May 2022 at 11:44 Report
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This discussion explores how to account for business premises, particularly unusual ones like trains or aeroplanes. The consensus is that if the company owns these structures, they are classified as Property, Plant, and Equipment (PPE). However, if the company only owns the land and building, that is the appropriate classification for recording purposes.

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My grammar is 💯 good I
7306 Points Posted on 18 May 2022

They all fall under PPE if the company owns all of them. Or else only the land and building will be PPE

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On 18 May 2022 at 16:23
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Profession Business
28246 Points Posted on 19 May 2022
Land and building is the appropriate answer after all.
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On 19 May 2022 at 05:41

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