Treat As Fixed Assets Or Inventory

[Former Member]

Dear Experts,

     I have a question in my mind ... Can any one please give me answer for it... I will explain you the scenario below>>>

One of my client NGO Company:

     Receiving Donations as Fixed Assets:  For ex: Furniture & Fixtures , Vehicles.They may use those Assets or they may transfer to some other place ( Other company )

My Question is:

While goods coming in to the company what document i need to use ( Assets Capitalization or GRPO) and

1. Should i need to maintain as a Fixed Assets or

2. i need to maintain as a Inventory ..

If i maintain as a Fixed asset how do i maintain the depreciation ?? ( Manual or Automatic)

Regards,

Sudhir.J

[KennedyT21]

I think you should treat as fixed assets ...

Thanks

Kennedy