Easy Office

Accounting treatment whether cpitalisation or revenu natur

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
30 May 2013 in our factory we are planing to replace roof at a cost of Rs 2 Crs. pl. clarify can we capitalise it or it has to charge off in P&L
Profile Image

P B Srivathsan

Profile Image

P B Srivathsan (Expert)
30 May 2013 If this amount enhances the useful life of the asset being replaced, then this can be capitalized. The amount realized from scrap sale of discarded roof can be taken to P/L and the loss on disposal can be charged off to p/l for the year.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
31 May 2013 thank you sir
reg
durai
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


easyoffice CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links