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Hotel cfl are fixed assets

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(Querist)
04 June 2013 Hi,

I have some confusion regarding Fixed Assets in hotel industry.

A Hotel has the expenditure of rs. 200000/-
in CFL and Bulb. Do we need to capitalize this ?
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CA Sourabh Agarwal

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CA Sourabh Agarwal (Expert)
04 June 2013 It does not depend on type of industry from AS 10 point of view. Materiality of the amount is also considered in decision. Both views exist.

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