what type of expenditures shall be included in the capital cost of a leasehold land?
2 Replies
Narayanan Balakrishnan
(Chartered Accountant)
(98 Points)
Replied 07 August 2009
The present value of the lease rentals and all incidental costs for inception of the lease shall be capitalised as per AS-19.
Narayanan Balakrishnan
(Chartered Accountant)
(98 Points)
Replied 15 August 2009
Generall leasehold land is not capitalised. It should be treated as operating lease.
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