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?
Narender (Sr Manager accounts) (48 Points)
22 April 2021We 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?
CA Puja Sharma
(Chartered Accountant)
(4874 Points)
Replied 22 April 2021
You should book under new head Renewable energy devices under Fixed Assets, Rate of Dep, - 40%
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 22 April 2021
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