Fixed assets as-10
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 January 2013
Dear Members,
I wanted to know that if an existing plant is dismantled from its location and again installed at the other location of the Company than the cost incurred on dismantling and again installing on the plant should be capitalised or expensed out ?
I wanted to know that if an existing plant is dismantled from its location and again installed at the other location of the Company than the cost incurred on dismantling and again installing on the plant should be capitalised or expensed out ?
19 January 2013
The expenditure for dismantling of existing plant and assembled to another location, does not result in any addition to the performance or efficiency of such asset,
therefore such expenditure need to be expensed off in P&L.
therefore such expenditure need to be expensed off in P&L.
19 January 2013
completely agree with CA Himanshu.
it is P\L expense. No capitalization.
it is P\L expense. No capitalization.
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 January 2013
Thank you all for your response.
Thank you all for your response.
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