Land & buiding
This query is : Resolved
14 May 2012
in a proprietorship firm, we can be shop as fixed assets if the property in the of owner
14 May 2012
I hoe you want to deal in land and building and as far as this is concerned you can deal in any such fixed asset.
CA.Richi Saxena
CA.Richi Saxena
14 May 2012
ACTUALLY WE ARE TRADER OF FABRIC WE BOUGHT PROPERTY IN THE OWNER NOW WE CAN CAPITALISE IN THE B/SHEET
Guest
Guest
(Expert)
14 May 2012
Yes it shall be capitalize in the B Sheet, as it is to be used for business purpose and to claim depreciation.
14 May 2012
Yes you can capitalise this asset and can claim depreciation on it.
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