AS - 13 (need clarification)
This query is : Resolved
09 September 2010
As per definition given
Invt. are assets held by an enterprise for earning income by way of dividends, interest, ""and rentals"", for capital appreciation................
My ques. is whether asset held and given on rent and on which depreciation is also claimed can be taken as Invt. or Fixed asset.
Invt. are assets held by an enterprise for earning income by way of dividends, interest, ""and rentals"", for capital appreciation................
My ques. is whether asset held and given on rent and on which depreciation is also claimed can be taken as Invt. or Fixed asset.
09 September 2010
If depreciation claimed then it would be fixed asset.
09 September 2010
but then what's the status of words "and rentals" includes....
09 September 2010
Then dont charge depreciation to it and it can be held as investment also.
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