what costs are generally capitalized when a vehicle is purchased by a company
2 Replies
CMA RAVI
(ASSISTANT MANGER - FINANCE)
(478 Points)
Replied 09 May 2013
| Originally posted by : RAVIKUMAR | ||
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what costs are generally capitalized when a vehicle is purchased by a company |
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Dear Ravi,
As regards Capitalisation of vehicle cost, the same will be capitalised and recorded in the books of the company. Any incidental cost which is incurred in lieu of vehicle and which adds value to the vehicle use will also be capitalised.
Abhishek Jain
(Manager-Finance)
(64 Points)
Replied 09 May 2013
Vehicle Cost+Registration charges+Accesories etc fitted to vehicle
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