As-16

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 March 2014 As per AS-16

Borrowing cost of which type of land and building (Intangible Assets) we cannot capitalize

Pls Mention it clearly.

Thanx in ADVANCE

CA Parul Saxena

CA Parul Saxena (Expert)
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14 March 2014 The assets which do not take substantial time period can not be capitalized.
Like furniture,building,land etc.
And 1 more thing land and building are not intangible assets.

Querist : Anonymous

Querist : Anonymous (Querist)

14 March 2014 sir
pls tell me when we can capitalize intt. on loan which we have taken for the construction of our house or purchase of our house.

Is it not possible to capitalize Int. on loan in case of Property ,if YES then for which type of property or also not for which tpye of property.

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Querist : Anonymous

Querist : Anonymous (Querist)

19 March 2014 How we capitalize intt. on loan pls show me example.