Compay has constructed building. Contract is given for construction of Building which includes following :
Nature of Work Amount Classification
CiVIl Rs. 10,00,00,000.00 Building
Electrical Rs. 50,00,000.00 Electrical Installation
HVAC Rs. 60,50,000.00 Electrical Installation
Fire Fighting Rs. 25,65,000.00 Electrical Installation
Plumbing Rs. 60,95,000.00 Building
Lighting Protection System Rs. 45,00,000.00 Electrical Installation
Elevator Rs. 50,00,000.00 Electrical Installation
Please let me know while capitalising whether all above items need to be capitalised as building or they should be capitalised as per asset classification given above.
CAclubindia
