Capitalised

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Querist : Anonymous

Querist : Anonymous (Querist)

10 May 2012 Dear all,

hou much purchase amount we are consider as capitalised

Amol Gopal Kabra (CA,CS,DISA)

Amol Gopal Kabra (CA,CS,DISA) (Expert)
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10 May 2012 For what purpose?? Please elaborate the question.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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12 May 2012 Your query is not clear.

If you have purchased a fixed asset then the entire amount paid for the fixed asset will be capitalised along with the freight and expenses incurred for setting up the fixed asset.

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Amol Gopal Kabra (CA,CS,DISA)

Amol Gopal Kabra (CA,CS,DISA) (Expert)
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12 May 2012 In case of Fixed Asset, all the expenses that are incurred to bring the Fixed Asset to use are to be capitalised. In your case, the freight, and incidental expenses should also be capitalised.