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Fixed asset valuation

This query is : Resolved 
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(Querist)
06 April 2013 Working with the school.We have a music departed where lots of expensive instruments are there.Is it necessary to include in fixed asset register or to treat as instruction material and accordingly expense it out.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
26 July 2013 Yes. Keep as fixed asset depreciate accordingly

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