If a person enters a contract with another to use its facility for a specific period. Also spends a substantial amount on piping, flooring, painting, etc to make the facility usable. What will be the accounting treatment for the same.
04 July 2013
In case you are using those space more than one accounting year, you can capitalise the expenses and depreciate based on useful year, if short period the expenses off
Querist :
Anonymous
Querist :
Anonymous
(Querist)
04 July 2013
Thank u very much Mr. Ramesh. Bit can u support your view with any provision our case law
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