CPoojaA (Article) (40 Points)
19 April 2021i have purchased a car. can i add the value of Car Accessories like key cover, cover, seat cover etc & capitalize to take depreciation of it. or expense it directly
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 19 April 2021
Is it personal or for company? If it is used in production, now then expenses can be capitalised only if they aid in production as well.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 19 April 2021
CPoojaA
(Article)
(40 Points)
Replied 20 April 2021
| Originally posted by : yasaswi gomes | ||
 |
Is it personal or for company? If it is used in production, now then expenses can be capitalised only if they aid in production as well. |  |
it is used by partners for commutation
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 20 April 2021
Please put it into admin expenses.
CAclubindia
