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Kurl on mattress

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(Querist)
06 March 2013 Experts please help....

Should Matress be capitalized where the same is provided by the company at its housing colony.
If the same is capitalized what would be the rate of depreciation.
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CA Suraj Lakhotia

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CA Suraj Lakhotia (Expert)
06 March 2013 Capitalise Mattress and the same would be treated as furniture for purposes of depreciation.
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Mangalam Lahoti

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Mangalam Lahoti (Querist)
06 March 2013 thanks...
is there any case study or extract of any law regarding the same.
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