Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More


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...

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?

28 January 2022 Take it as 6 years....

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

Similar Resolved Queries


Unanswered Queries

Follow taxation Exam20 Book Book Book caclubindia books

Answer Query