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Exchange rate for asset capitalisation

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 May 2014 Generally, Bill of Exchange (BOE)rate is used for capitalisation of asset. What exchange rate should be used in case of capitalisation of Software
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Vishnu Saboo

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Vishnu Saboo (Expert)
27 May 2014 rate on date of received the material.
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Rupesh Jain

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Rupesh Jain (Expert)
28 May 2014 you can book on amount on which Bill of entry are made or on which date goods recd.
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