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Kitchen equipment purchase

This query is : Resolved 
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(Querist)
12 September 2012 Dear


Kitchen equipment purchase for amt Rupees Below 10000. IS it comes under Fixed Assets


More over broken items like Plates, Cup, Soup bowl. Is this comes under fixed Assets


Kindly reply
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CA Sripal Jain

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CA Sripal Jain (Expert)
12 September 2012 kindly mention what is the companies business?? say i assume it is an hotel business ,so it shal be classified as fixed assets,if not treat it as consumables and expense it out
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CA Navin Jain

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CA Navin Jain (Expert)
12 September 2012 1. Treated fixed assets
2.Plates cup and bowl will be trated as operational exp.

as per hotel industry.
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