16 May 2010
It would depends on the nature and purpose for which you are demoliting and dismantling. There is no clear demarcation, it would be capital expenditure or revenue expenditure. CAN YOU BE MORE SPECIFIC TO YOUR QUERY??
Further, about proposed and interim dividend, dividend is below the line item means it would be appropriation of profit. So, both the dividends would be debited to profit and loss appropriation account.
CAclubindia
