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+--- Thread: Hospital beds as plant asset or inventory (/thread-hospital-beds-as-plant-asset-or-inventory)
Hospital beds as plant asset or inventory - irananed - 01-30-2011
For a hospital, should the hospital beds be treated as Plant asset or Inventory or both?
- Schuaeb - 01-30-2011
<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