EASYOFFICE
EASYOFFICE
EASYOFFICE

Capitalisation of assets

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
21 February 2012 Dear All,

In our company we have purchase a New Vehicle and it is insuranced.

My Question is Insuranced amt can we capitalist or what?

which are the cost, can we capitazed while purchasing a new assets?
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
22 February 2012 First time premium paid while purchase of fixed asset need to be capitalised, further renewal premium will be debited as revenue expenses

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


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links