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Machinery purchase for lease purpose

(Querist) 19 October 2012 This query is : Resolved 
Dear Experts

We purchased a machine and lease out for one year or may be more to our customer on rent. But I am confusing to decide whether it is our Fixed Assets or Inventory Item. Because when lease period overed we will try to sell the items to some other customer.

Could you clarify me on the matter.

Thanks
Bhoop Singh

Report Abuse
Rajeev Kumar (Expert) 19 October 2012
Though it is your fixed asset and you can sell it to other after the expiry of your lease period

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