Storage rent of furniture before installed in office premise
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 November 2017
hi,every can any one suggest me about following issue,
one of the company is opening a branch in secunderabad and it took a premises on rent and its changing interior of such premises as per its requirement and adding all cost to deemed building
issue is ,it ordered furniture for installation in its office but it received early so it took a go down for rent to store such furniture till it can install in its premises can the rental charges paid be added to cost of deemed building?
what if that company is not treating the entire cost as deemed building but accounting each and every installation as separate asset,can we add rental expenses to cost of furniture?
if not how to account such rent?
one of the company is opening a branch in secunderabad and it took a premises on rent and its changing interior of such premises as per its requirement and adding all cost to deemed building
issue is ,it ordered furniture for installation in its office but it received early so it took a go down for rent to store such furniture till it can install in its premises can the rental charges paid be added to cost of deemed building?
what if that company is not treating the entire cost as deemed building but accounting each and every installation as separate asset,can we add rental expenses to cost of furniture?
if not how to account such rent?
25 November 2017
no, its not part of furniture cost.
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 November 2017
thank you but whether it will be charged to rental expense
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