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Solar power plant install on office roof

Others 2077 views 2 replies

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?

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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