We have purchased a 1000 LPH RO plant which is to be installed at company owned farm house and our cmd will reside there in weekends
Will this is to be capitalised under Building or Office Equipment or Plant and machinery
kindly guide with explanation
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RO Plant Capitalisation
Replies (5)
Capitalised under Plant & Machinery
@ Rashmi mam, Actually capitalisation means what ? why we are capitalising ..plse explain with example
Capitalized under plant and machinery.
How can we show this under Plant & Machinery, this is not for business purpose
Though it is company owned farm house, but will used for personal living or leisure
Though it is company owned farm house, but will used for personal living or leisure
Okk then add it to the cost of residential house
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