Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Hospital beds as plant asset or inventory
01-30-2011, 08:08 PM,
#1
Hospital beds as plant asset or inventory
For a hospital, should the hospital beds be treated as Plant asset or Inventory or both?
Reply
01-30-2011, 09:30 PM,
#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
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)

Contact Us | Accountancy | Return to Top | | Lite (Archive) Mode | RSS Syndication