Accounting Treatment on AS-10

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BANDARI (Querist)
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16 November 2008 Sir,
Kindly clarify my doubt
Any Expenditure incurred in the nature of fixed asset shoud be capitalised, but what should be the minimum value of the expenditure to capitalise.
is there any circular or is there any note in the as-10.please confirm me

Thanks and
regards
Bandari.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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16 November 2008 Accounting standards are intended to apply to items which are material. But,as you know,materiality differs from case to case and hence a bench mark cannot be prescribed. Ref:-clause 3 of annexure to notification GSR 739E dt 07/12/2006 of Ministry of Company Affairs.