Hi my name is venkatesh
I need an example with regard to capitalization of fixed asset in case of a non monitary consideration
1 Replies
Anupama Abhijit Pathak
(Student)
(49 Points)
Replied 14 May 2013
Venkatesh ,
Some of the examples are :
- Asset brought into the business by proprietor/partner.
- Asset purchased by the company by issue of share capital.
- Asset (new) purchased in replacement of old one.
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