Rate of Depreciaton for Interior works

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Ravikumar AH (Querist)
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05 August 2008 Sir,

I am working in Private concern and we are in the rented place and we planing to do some interior works its cost about 5lkhs.
1. In which head we have to account the cost of interior work?
2. Rate of Depreciation?
3. If its an assest, we need to update in fixe assets register?

Thanks & Regards
Ravikumar A.H

CA Hemant T Dewani

CA Hemant T Dewani (Expert)
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05 August 2008 in interior work most of the material is plywood, wood, hardware, electrical insalations.colours etc it is treated as furniture & dep is 10% of the gross value