interior asset or expences

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interior done for office it's comes under asset or expenses
Replies (3)
ANY FURNITURE OR EQUIPMENT HAVE LIFE MORE THAN ONE YEAE THEN YOU SHOULD CAPITALIZE IT IN BOA AND CLAIM DEPRECIATION AND REMAINING DEBIT TO EXP A/C.
If its a rented place then can be book under repair & maintenance, else have to capitalised ,
If rented place, then it would be better if book under repair and maintenance.


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