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Capitalzation or Expenses

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(Querist)
07 June 2011 Hello,

Please solve my query,

suppose i purchased new vehcile rs. 100000 and insurance paid rs. 10000, so insurance amount will be take as a expenses ? or will be add in vehcile's cost ?
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Ravikant

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Ravikant (Expert)
07 June 2011 insurance amount will be taken as a expenses

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