Accounting/Depreciation
This query is : Resolved
27 January 2022
We have received tender for construction of unipoles and thereafter advertisement rights will be awarded to us in consideration of licence fees.
My query is what would be the treatment of construction cost and if capitalised what would be the manner of charging depreciation.
Please guide...
My query is what would be the treatment of construction cost and if capitalised what would be the manner of charging depreciation.
Please guide...
27 January 2022
Capitalise and charge depreciation over life of the assets like 10 years.
28 January 2022
Sir initially tender is for 3 years however it may be extended for further 3 years at the end of third year.
So what is the useful life should I take?
So what is the useful life should I take?
28 January 2022
Take it as 6 years....
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