Capitalisation of insurance of a new car
This query is : Resolved
09 June 2012
Is there any case law that supports the view that insurance on purchase of new car should be capitalised.?
09 June 2012
every expenses that belongs to bring the assets in usable condition will be capitalised. Without paying first insurance you can't use the car thats why its capitalised its practice and there is no question of law too .I didn't find any case law
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