Fixed asset
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 March 2013
Hi ,
A Contractor given bill for company renovation ( item wise split up ) in that electrical installation including earthing & wiring what is the treatment for this item whether capitalise or revenue ( It is a rented premises )
A Contractor given bill for company renovation ( item wise split up ) in that electrical installation including earthing & wiring what is the treatment for this item whether capitalise or revenue ( It is a rented premises )
16 March 2013
You can capitalise it as lease hold improvements and amortise it over the period of lease.
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