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Capitalisation of fixed assets and depreciation

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(Querist)
05 December 2018 when to capitalise fixed assets, in case assets is purchased but not installed and whether depreciation will be charged on it or not????(in case of company)
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
06 December 2018 1. Can be capitalized on the date of obtaining ownership and possession.

2. To depreciate only after installation since till that date the asset is not expected to be available for use by the entity.

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