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Lease

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(Querist)
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.
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
24 February 2011 yes.. addition of parts needs to be capitalized.
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
24 February 2011 Further.. you should write off the same within the lease period.
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