Is an Airport Display Board a Fixed Asset or Advertisement Cost?

Let’s take accounting out of the classroom and into the real world! 🌍✈️ Standing here at the airport, we see massive display boards that serve two purposes: showing flight information and displaying advertisements. My question for all the aspiring CAs and CMAs out there is: How would you classify the cost of these display boards? 1️⃣ Is it an Advertisement Cost for the airport? 2️⃣ Or is it a Fixed Asset? Think about it carefully! Take a deep breath and explain your logic with reference to Accounting Standards in the comments below. Let's see who gets the technical reasoning right! 🧠💼 About Abhimanyu Academy: We specialize in making complex accounting concepts simple and practical for CA and CMA students. 📚 Join Our CMA Intermediate Classes 👉 Modes: Face-to-Face (Kolkata), Live Online, Google Drive, and Pendrive 📞 WhatsApp: / 🌐 Visit: #Accounting #FixedAssets #CAExam #CMAExam #PracticalAccounting #AccountingStandards #CommerceStudents #AbhimanyuAcademy #CharteredAccountancy #FinanceTips