Capitalization of fixed assets

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 November 2011 In capitalization amount of the fixed assets, whether insurance charges on the assets should be included or not?

Also, if buyer is fisrt stage dealer and not a manufacturer then whether exice duty of the fixed asset should be included in capitalization amount or not?

06 November 2011 fixed assets cost for capitilization up to intaletion of machine all cost will be added.



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