Sudarshan Raghavan (Chartered Accountant) (108 Points)
23 August 2011hi all,
pls let me know if a company purchases security alarm system or a fire alarm system, which head under fixed assets it is appropriate to be classified for depreciation under Schedule XIV? Is Plant & Machinery correct?? Or is it Office Equipments?
Sanket
(!..Live to Give..!)
(16427 Points)
Replied 23 August 2011
I think it will fall under the head Plant and Machinery.
Dhanabal Ramasamy
(CHARTERED ACCOUNTANT)
(105 Points)
Replied 24 August 2011
Hai...
It is to be catogorised as office equipment. but it will not make any difference as office equipment is a part or sub catogery of plant and machinery.
But practically plant and machinery always represent the production or manufacturing equipment.
CAclubindia
