furniture purchase by school is Intermediate …
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Gaurav Seth 5 years, 2 months ago
Furniture purchased by a school is a final product because it is purchased for investment. School buy furniture for long - term use and it is considered as an investment. School is the final user of the furniture and no value is to be added to the furniture. This will be deemed as investment expenditure because furniture is used by the school for several years and is of high value.
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