Treatment of Building

1.  BUILDING TO BE CLASSIFIED UNDER FIXED ASSETS

When any person operating his business activities in owns building then such building to be classified under fixed assets and depreciation to be charged on that building and AS- 10 shall be applicable.

         2. BUILDING TO BE CLASSIFIED UNDER INVESTMENT

When any person hold the another building (other than building in which   he operating his business activities) for   earned the rental income or appreciation in capital then such building to be classified under investment and depreciation not to be charged on that building and AS-13 shall be applicable.

3. BUILDING TO BE CLASSIFIED UNDER CLOSING STOCK

When any person holds the building (other than building in which   he operating his business activities) as stock in trade than such building to be classified under closing stock and AS-2 shall be applicable.