capitalisation

This query is : Resolved 

26 March 2009 is monitor purchased for computer is to be capitalised or not

Please reply

26 March 2009 Yes it is to be capitalised. It is adding to the value of an asset and not mere maintenance activity.

26 March 2009 i dont think it should be capitalised...
cause i believe it will be mere replacement of old monitor with the new one...
and capitalization needs to be done when the improvement or repairs increases the future benefits from the fixed assets...




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