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Heads of Fixed Assets

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(Querist)
29 January 2009 Hi,

Air condition and UPS is shown under which head of assets .

As i know that UPS is not consider as fixed assets but i have a UPA valued Rs.1.5 lac.
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
29 January 2009 You can classify under office equipment. UPS can be considered as fixed asset.
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
08 February 2009 UPS is an Fixed Asset and classified under "Office Equipements" as cited by CA B.Srinivasulu
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