We have bought solar power plant on the roof of our office, in which account group should we enter it, is it an office equipment or plant and machinery group and what is the depreciation rate on it?
2 Replies
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 22 April 2021
You should book under new head Renewable energy devices under Fixed Assets, Rate of Dep, - 40%
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 22 April 2021
It is plant and machinery or energy devices, fixed assets, depreciation rate is 40%
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