Transfer cost of one old Machinary from one location to othe

This query is : Resolved 

01 July 2009 hi,
we transfer one used machinary from our one location to another location,wheather the incidental transfer cost and instalation cost of such machine to be capitalised or to be charged to revenew as per As 10.

01 July 2009 It is USED MACHINERY, so transfer cost of machinery is revenue expenditure. If it was a new machinery, then transfer cost from manufacturing unit to factory was to be capitalised as per AS 10. Hence, this transfer cost is Revenue in nature.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries