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Accounting/Depreciation

This query is : Resolved 
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(Querist)
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...
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 January 2022 Capitalise and charge depreciation over life of the assets like 10 years.
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CA Lalit Meena

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CA Lalit Meena (Querist)
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?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 January 2022 Take it as 6 years....
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