Classificaiton of fixed asset

Sanjay (Finance Executive) (66 Points)

04 March 2012  

 

Hi Guys,

 

I wanted to know if a company is buying crates for storing the tools under which it would get classified 

whether under

1. Office Equipment

or

2. Furniture

 

Please reply with reason would suffice the purpose of asking the question

Thanks in Advance

Sanjay