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 | ||
 |
what costs are generally capitalized when a vehicle is purchased by a company |
 |
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
Recent Topics
- Gratuity under CTC
- GST refund paid as estimated tax liability
- Salary Income and Professional services income
- Sec 54 and TDS on sale of property
- Airbnb Manager - I manage properties for owners
- Wrong head ed for late fee
- Inter Company trnafer
- Job work-Reg
- Who is liable to pay GST if bank charges excl GST
- Cost of Acquisition IPO cases
Related Threads
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
