captilisation
This query is : Resolved
02 April 2009
is design consultancy charges of a building will be captilised or not.plsease give me reply in two sitautions (I)whther the building is being made (II)or the buildind has already been made,
02 April 2009
1. If the building is being made then you should capitalise these charges.
II) If building has already been made then you have both options - either capitalise, or claim the expenses.
Practically, decision shall be taken on the nature of work involved and the amount involvement in the transaction.
II) If building has already been made then you have both options - either capitalise, or claim the expenses.
Practically, decision shall be taken on the nature of work involved and the amount involvement in the transaction.
02 April 2009
1.. it can be capitalised
2. if the bldg is ready for use and after that such exp are incurred it cannot be capitalised
2. if the bldg is ready for use and after that such exp are incurred it cannot be capitalised
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