Accounting treatment whether cpitalisation or revenu natur
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 May 2013
in our factory we are planing to replace roof at a cost of Rs 2 Crs. pl. clarify can we capitalise it or it has to charge off in P&L
30 May 2013
If this amount enhances the useful life of the asset being replaced, then this can be capitalized. The amount realized from scrap sale of discarded roof can be taken to P/L and the loss on disposal can be charged off to p/l for the year.
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 May 2013
thank you sir
reg
durai
reg
durai
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