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Cost of assets

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(Querist)
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
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
13 July 2013 First time insurance of Car at the time of purchase to be cost of assets. and regular insurance is expense.

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