Lifting Machine

Respected sir .
If factory is on rent and had purchased lifting machine , then under which fixed asset head it is shown .
plant & machinery or not ?
Replies (3)
Quick Summary
This discussion clarifies the fixed asset classification for a lifting machine purchased for a rented factory. It confirms that such a machine should be categorised under 'Plant & Machinery'. This contrasts with items more akin to office equipment, which would be classified separately.

Yes, It can be shown under P&M head.

Thanks sir
If there are other machines which is more like office machine it is office equipment.

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