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Fixed assets

This query is : Resolved 
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(Querist)
11 August 2014 Dear Sir,

Our Company is buying tractor which will be run in and made use only inside the factory premises.

Can please suggest us where should it be classified ?

a) PLANT AND MACHINERY, or

b) VEHICLES.

Regards,
SACHIN AROLKAR
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
11 August 2014 It should be classified under vehicles.
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
11 August 2014 under Vehicle
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SACHIN AROLKAR, Goa Carbon Ltd

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SACHIN AROLKAR, Goa Carbon Ltd (Querist)
11 August 2014 Dear Sirs,

Thank you for your answers.

Rgds,
SACHIN AROLKAR

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