Post Reply 
 
Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Hospital beds as plant asset or inventory
01-30-2011, 08:08 PM
Post: #1
Hospital beds as plant asset or inventory
For a hospital, should the hospital beds be treated as Plant asset or Inventory or both?
Visit this user's website Find all posts by this user
Quote this message in a reply
01-30-2011, 09:30 PM
Post: #2
 
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by irananed</i>
<br />For a hospital, should the hospital beds be treated as Plant asset or Inventory or both?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

Treated as both that I don't think can be the case. Beds for a hospital should be treated as Property, plant & equip provided they meet the capitalization criteria, in this case the flow of economic benefits for more than one year. Normally the beds have a useful life of more than one year and they are capitalized unless are kept for trading purpose.

Hopefully it clarifies your query.

Shoaib
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Forum Jump:


User(s) browsing this thread: 1 Guest(s)