Capitalization of fixed asset

AS 598 views 1 replies

Hi my name is venkatesh

 

I need an example with regard to capitalization of fixed asset in case of a non monitary consideration

Replies (1)

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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