We have bought solar power plant on the roof of our office, in which account group should we enter it, is it an office equipment or plant and machinery group and what is the depreciation rate on it?
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Solar power plant install on office roof
Replies (2)
You should book under new head Renewable energy devices under Fixed Assets, Rate of Dep, - 40%
It is plant and machinery or energy devices, fixed assets, depreciation rate is 40%
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