Expense or capitalized the expense
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 September 2013
I want to know if i build a small room in office Building do it is consider as office building or construction expense
P&L or BS
what to do about labour expense capitalized or not ?
thank you everyone..
P&L or BS
what to do about labour expense capitalized or not ?
thank you everyone..
24 September 2013
IF the amount is material you may capitalise it and write off through depreciation, otherwise if the amount is not material your may charge such expenses against profit as Repair and maintenance.
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 September 2013
thank you
yes it used materials like cement/bricks/steel-metal and labour
yes it used materials like cement/bricks/steel-metal and labour
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