I am working in real estate sector we have purchased computer, AC, UPS & batteries, furniture for site office and construction has been started already in site. Now I want to know how we can treat these fixed assets.
1. These are part of fixed assets in early stage of project. Or 2. We have to put all these in capital work in progress and at the end of financial year we Should provide a provision and put all this assets into fixed assets and have to provide Depreciation also. Or 3. We must treat as fixed assets simply
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