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Electrical items-fixed asset

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(Querist)
12 June 2014 Dear sir

My company was taken new building for rent.
it is office purpose.So we need to purchase electrical items and ceiling work.My doubt is those items expenses are fixed assets or expenses.
Anyone please inform me.

Thanks in advance.

Srinivas
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Vishnu Saboo

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Vishnu Saboo (Expert)
12 June 2014 in my opinion, yes they must be capitalized
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Guest (Expert)
12 June 2014 Depending on the value and life of the items.. u can either capitalize or expensed them....
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Ravi Taori

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Ravi Taori (Expert)
13 June 2014 If it is material, capitalise it, generally first time electrical expenses of new building ate capitalised.
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srinivas

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srinivas (Querist)
13 June 2014 Thanks for your valuable information.

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