21 March 2011
How to treat expenditure on temporary constructions like fabrication sheds, chain link fencing etc which are constructed to facilitate main project and are to be dismantled on completion of project? How to treat these expenditure ie charged to revenue or to be treated as general overhead and apportioned among various assets under main project? Is there any specific para in AS or guidance note? Pls refer if those are available.
CAclubindia
