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Copper pipe

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(Querist)
22 February 2016 I purchased copper pipe of Rs.5727/-.Where should I take it--under indirect expense or fixed asset?
If it comes under fixed asset,then under which block/head?
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CA CMA CS Ram Pavan Kumar Melam

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CA CMA CS Ram Pavan Kumar Melam (Expert)
22 February 2016 What is the purpose of purchasing the copper pipe?
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student

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student (Querist)
23 February 2016 It is purchased with AC & stabilizer for their purpose.
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CA CMA CS Ram Pavan Kumar Melam

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CA CMA CS Ram Pavan Kumar Melam (Expert)
23 February 2016 Then it has to be capitalised along with AC and aggregate amount shall be depreciated according to the rates applicable to AC.

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