fixed assets group classification
MANISH PANCHAL (service) (174 Points)
20 December 2007
In Wich Assets class UPS classified as Computer Equipment or Office Equipment???
5 Replies
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 20 December 2007
According to AS-10,
You can do following :
1.If you take ups as a part of computer than included in the Computer and provided depreciation accordingly
2.If UPS is used sperately than you can take UPS as a Office Equipment
Ramesh Kothari
(Manager-EOU commercial)
(161 Points)
Replied 21 December 2007
This part and parc of the Computer because it supporting back to computer
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 24 December 2007
Thanks Kothari jee
But sirjee in my home we use one ups for television also as well as one for electricity.So it has several uses.Therefore classification of assets depends upon usage of ups
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