In a Construction Industry, Bamboos which are used for climbing (reusable at different sites) and plywood be considered as Fixed Asset or Material Purchase ?
Total Value of all is Rs.1100000
Kindly suggest.
Pallavi P (Job) (151 Points)
14 March 2022In a Construction Industry, Bamboos which are used for climbing (reusable at different sites) and plywood be considered as Fixed Asset or Material Purchase ?
Total Value of all is Rs.1100000
Kindly suggest.
Kev Men
(788 Points)
Replied 13 April 2022
It can be considered as Fixed Assets as it is used in the business.