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Expenses related to installation of generator

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 March 2015 Installation Expenses like installation of switch, earthing etc will be Debited to P & L A/c or will be add to cost of Genset and capitalized????????
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
04 March 2015 this must be exp to pnl as it does not increase the life of asset.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
05 March 2015 All expenses incidental to bringing the new asset in usable condition should be capitalized along with the Cost of asset.
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