Capatilization
This query is : Resolved
19 December 2014
Dear All
One of my client has planted bamboo tress worth Rs1.50 lakhs to absorb waste water discharged by its factory. Life of bamboo trees is estimated to be 15 years. Should it be treated as Fixed asset or not?
regards,
Vinay
One of my client has planted bamboo tress worth Rs1.50 lakhs to absorb waste water discharged by its factory. Life of bamboo trees is estimated to be 15 years. Should it be treated as Fixed asset or not?
regards,
Vinay
19 December 2014
no, as it not fulfilling the definition criteria of becoming asset.
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20 December 2014
It is not fixed within the definition given under Accounting Standard-10 "Accounting for Fixed Asset"
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20 December 2014
no it is not the fixed assets its expenses for you.
Message likes :
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20 December 2014
no it is not the fixed assets its expenses for you.
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