my company has purchased an old machine from foreign country as on 24.01.2012 for EURO 70000 and we capitalized this machinery as on 15.04.2012 and payment of it has not made yet..so what should be the treatment of exchange fluctuation as on 31-3-2013...exchange fluctuation should be capitalized or not.
03 July 2013
but i thing as per AS 6 expenses incurred which are directly related to fixed assets should be capitalized...and so as per AS 11 it should be capitalized
CAclubindia
