Whether amount spent on Weather Coating ( Heat Control) at a production unit has to be capitalized or should be treated as an expense?
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183387 Points)
Replied 29 October 2022
If coating is part of the production process, it will be direct expense.
Yasaswi Gomes new
(Finance )
(4545 Points)
Replied 29 October 2022
Thats wjat standard says. Direct costs are capitalized.
sabyasachi mukherjee
(27664 Points)
Replied 30 October 2022
Follow basic principle of capital and revenue
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