04 June 2012
the case is the installation of air cooling in the building for which services was provided by the consultant for the installation of the same.whether the amount has to be dr. under professional fees or building WIP?
04 June 2012
Its clear that it will be capitalised and depreciation will be calculated. Now the head is problem if you capitalise under building the depreciation will be less than plant and machinery. If there is no head you can create a new head and if not possible then keep it under building
CAclubindia
