02 March 2010
If i have purchased a new Asset and i have incurred insurance exp. at the time of purchasing a new asset than the exp. of insurance should be capitalised or it should be taken as revenue exp. Give me advise for the same.
02 March 2010
yes, these r the revenue expenditure as you are going to incur those everymonth, we capitalize those expenses which are not in reccuring kind of..
CAclubindia
