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Insurance exp.

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(Querist)
29 June 2012

Can anyone tell me that insurance expense incurred on new car can be capitalised or not? if yes then what is the reason behind this...



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Parmod Rawat
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Ca Anand Dubey

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Ca Anand Dubey (Expert)
29 June 2012 It will be capitalised, as any expenses to bring an assets ready to use will be capitalise. A car can not be used without insurance

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