If A Manufacturing company converts its Plant & Office area Lights into LED Lights,
1. In which head we have do account in Fixed Assets.
2. What is the life of the Asset we have do consider for Depreciation.
L KANAGARAJ (Assistant Manager-Finance) (615 Points)
04 December 2017If A Manufacturing company converts its Plant & Office area Lights into LED Lights,
1. In which head we have do account in Fixed Assets.
2. What is the life of the Asset we have do consider for Depreciation.
satish
(teaching)
(2046 Points)
Replied 22 December 2017
It is to be shown under Furniture.
Estimates can be consider on Pattern of usage.
better to get info from either seller or expert based on your usage.
Hanan Burgh
(2 Points)
Replied 19 May 2022
I totally agree with you. I, too, have recently discovered the world of LEDs. But I decided not to stop only on the lamps and installed more strip lights on the mirror in the bathroom and on the closet in the hallway. I am very happy with it because there is a lot more light in these areas. In addition, I can change the light from warm to cold depending on the time of day, which is very convenient. Do you only use lights, or do you use strip lights too? Try my tip. I think you'll like it too.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
