Insurable spares
This query is : Resolved
Guest
Guest
(Querist)
05 May 2014
Dear sir, pls tell me the meaning of Insurable spares with an Example & How it will valued in books of Accounts ??
06 May 2014
Generally we can say folloqing nature apares as insurable spares
.
1.machinery spares which are useful fir particular type of machinary and having considerable value w.r.t.value of mach.
.
2.spares which are not in regular use
.
.
Need to capitalise those insurable spares to the asset which it relates
.
1.machinery spares which are useful fir particular type of machinary and having considerable value w.r.t.value of mach.
.
2.spares which are not in regular use
.
.
Need to capitalise those insurable spares to the asset which it relates
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