i want to know that whether ceilling fan capitalised ?? my client booked it as fixed assets ??
i think it should not be capitalised
plz clear my doubt
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Whether ceiling fan should captitalised ??
Replies (1)
Hi Chandni,
Ceiling Fan should be capitalized.
An asset should be capitalized if it is not held for resale but for the production, supply, rental or administrative purposes and it is expected to be used for more than one accounting period.
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