I have already discussed all the matters with you. Following matters differ between Project Machinery list & Finance machinery list. For your information;
01. Finance dept. capitalized all machines after the completion of the project. Every project has a duration more than 01,02 or 03 years, during that period a lot of machines were purchased but we capitalize after completion of the project. e.g GMF-2 & Herbal Project.
02. As per verbal discussion with you, I came to known that Machinieries name as per LC is not same with the orginally received items due to some technical problem. As Finance capitalize all machinery as per LC documents.So that's why earlier it was different.
01. Finance dept. capitalized all machines after the completion of the project. Every project has a duration more than 01,02 or 03 years, during that period a lot of machines were purchased but we capitalize after completion of the project. e.g GMF-2 & Herbal Project.
02. As per verbal discussion with you, I came to known that Machinieries name as per LC is not same with the orginally received items due to some technical problem. As Finance capitalize all machinery as per LC documents.So that's why earlier it was different.
03. Project identified machine cost as per LC value but finance accumulated with it local cost & convert it using current exchange rate.Its also the causes to differ in both list " Assets Value".
04. Finance dept capitalize assets considering their value & Usefull life.As per verbal discussion with you some capitalized item should not be capitalized.e.g
04. Finance dept capitalize assets considering their value & Usefull life.As per verbal discussion with you some capitalized item should not be capitalized.e.g
Punch & Dies
SS Tray
Hepa filter
Fresh air unit
Hapa UV ink cartige
High larbon steel knives for SOL Pack Sachet
Upper Punch
05. Some item finance dept. capitalized as accumulated (as per COA) but project want to see it separately. e.g
Electrical works
Lift
Fire Protection & detection System
Pump & Tubewell
For your information considering the above information management can take alternative decision in this regard if required as it is companies system which is following by the company since long.