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Question ID : 40633

Asset Classification

Dear All, Please suggest whether Civil Structure which is an integral part of Plant & machinery Should be classified as plant & machinery or under factory Building . Please reply asap

Posted by KOSAL AGARWAL on Apr 23, 2020

Filed Under IFRS

Answer ID : 81315

Yes for installation of plant & Machinery most of the times require civil structure, which is integral part of Plant and Machinery not treated as building

Posted by Hari Beldona on Sep 09, 2021