CMA Anupam (Cost Accountant) (62 Points)
21 July 2015Dear Experts,
We are using a filler machine at our company and this machine is used in filling the production in the bottles. We have kept some spares parts of this machine in the store, should we include valuation of this spare inventory in our inventory valuation to be taken to Balance sheet as per AS-2?
CA. Roopali Kadam
(Jobs on assignment basis.)
(1459 Points)
Replied 21 July 2015
If those are special parts of that machine and cannot be used for other machines then those spare parts are capital assets
CAclubindia
