what is treatment for expenses for electrification expenses like cable, metal clad etc. at the time of factory construction. Is it capitalized to cost of factory building or expensed off to P/L
what is treatment for expenses for electrification expenses like cable, metal clad etc. at the time of factory construction. Is it capitalized to cost of factory building or expensed off to P/L
Yes it is capitalised as it falls under costs of site preparation and electricity charges will be expensed.
I’m getting April notifications now :)
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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V.K. Ranjan & Co(Chartered Accountants)
New Delhi
B.Com
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