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Insurable spares

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Guest

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Guest (Querist)
05 May 2014 Dear sir, pls tell me the meaning of Insurable spares with an Example & How it will valued in books of Accounts ??
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Ganeshbabu K

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Ganeshbabu K (Expert)
06 May 2014 Generally we can say folloqing nature apares as insurable spares
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1.machinery spares which are useful fir particular type of machinary and having considerable value w.r.t.value of mach.
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2.spares which are not in regular use
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Need to capitalise those insurable spares to the asset which it relates

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