A new structure is to be constructed, for which an old structure is to be dismantled.
I would like to know whether the cost incurred in dismantling of old structure should be capitalised or not, and reasons for the same
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Capitalisation of dismantling cost of old structure
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In my opinion, if old structure is shown in the books and completely depreciated in the year of dismantling, such charges should not be capitalised. Because full depr is charged to p & l. If you capitalise the cost of dismantling, again you will provide depreciation on such cost.
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