capitalisation of vat fixed assets
This query is : Resolved
15 May 2009
WHETHER VAT SHOULD BE CAPITALISED IN PURCHASE OF FIXED ASSEST
KINDLY REPLY AS SOON AS POSSIBLE
KINDLY REPLY AS SOON AS POSSIBLE
16 May 2009
It will depend whether the copmany is getting the credit for the VAT paid.
If it, then it doesn't have to.
If it doesn't, it has to capitalized.
If it, then it doesn't have to.
If it doesn't, it has to capitalized.
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