04 June 2010
My Client being a Pvt ltd.Co. has purchased /acquired concurrently Plant & machinery (i.e.Furnace) along with Raw Material(i.e.Copper Scrap)from same place & loaded the same in to one truck.
In this regard it has incurred the following expenses as under (i Transportation/Freight charges (ii Packing charges (iii Insurance charges
Now my query is whether these expenses can be capatilised proportinely to the concerned plant & machinery from the accounting point of view or not.
CAclubindia
