fixed Asset
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 February 2011
Can Interest on loan be capitaized, if loan is taken for purchase of Car.
23 February 2011
Yes interest on loan taken for purchase of car should be capitalised
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 February 2011
As per my knowledge only that interest can be capitalised which assets is manufacture by us. i.e we have purchased the car not manufactured it.
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