Cost of assets
This query is : Resolved
13 July 2013
can i treat the following expenses as a capital expenditure and then cost assets?
1. An insurance expenses incurred for vehicle
2.An insurance expenses incurred for building
can i treat the following expenses as a capital expenditure and then cost assets?
1. An insurance expenses incurred for vehicle
2.An insurance expenses incurred for building
13 July 2013
No, These are revenue expenditures.
13 July 2013
IT SHOULD NOT BE CAPITALISED.
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