Lease
This query is : Resolved
24 February 2011
Dear All,
I wanna know if any machinery is under the lease agreement and any addition is made in that machinery (addition of Parts). Whether it will be capitalized in the books of Lessee or not.
Dear All,
I wanna know if any machinery is under the lease agreement and any addition is made in that machinery (addition of Parts). Whether it will be capitalized in the books of Lessee or not.
24 February 2011
yes.. addition of parts needs to be capitalized.
24 February 2011
Further.. you should write off the same within the lease period.
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