Dear Sir,
We open new office. And Office Interior work is going on.
1) Can book as Asset this expense ? (Office Interior)
2) If book asset then, What is the depreciation rate ?
3) How to calculate depreciation as per companies act ? Please explain me.
Example : Expenses for New Office
1) Office Interior Rs.3,00,000
2) Tables & Chair Rs.50,000
3) Other Furnitures Rs.50000
4) Electrical Exp Rs.75000
5) Air Contioner Rs.80000
6) Computer & Printer Rs.1,50,000
Thanks & Regards,
M.Shanmugasundaram
CAclubindia
