27 September 2022
Best way to ask my question is through an example Scenario-1 Let Abc is company which is constructing a building and it is using generator(owned by Abc) for the construction as part of using generator for construction it incurred expenses like fuel and regular maintenance, question is should I capitalize these expenses since they are incurred for building or should I need to debit to P&L account ? Secnario-2 what if generator is taken under operating lease ?
CAclubindia
