Capitalisation issue
This query is : Resolved
27 June 2012
Could any one please guide me in the following matter:
A company has moved into a new office. The new office has a big terrace garden. Can the exepnses of buying flowers, flowerpots and related nursery articles be capitalised as fixed assets? the amt. of expenses incurred is above Rs. 200000
A company has moved into a new office. The new office has a big terrace garden. Can the exepnses of buying flowers, flowerpots and related nursery articles be capitalised as fixed assets? the amt. of expenses incurred is above Rs. 200000
28 June 2012
The expenditure seems to be revenue in nature.
It will be recurring during the period with no long term benefit.
It does not satisfy any difinition under AS 10 for capitalisation and hence would be part of office maintenance cost.
It will be recurring during the period with no long term benefit.
It does not satisfy any difinition under AS 10 for capitalisation and hence would be part of office maintenance cost.
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