Accounting standards

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 October 2015 A company had purchased and Capitalised a Car during the year F.Y- 2013-14

an air conditioning system is added to the car during F.Y. 2014-15. In such case AC should added to the cost of car or charged to repairs & maintenance.

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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 October 2015 It can capitalized separately and depreciated or added to the cost of the car.
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Querist : Anonymous

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Querist : Anonymous (Querist)
06 October 2015 sir,

I would be thankful if you provide me a elaborate explanation.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 October 2015 Please go through Accounting standard 10 para 12 you will get the explanation.
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Querist : Anonymous

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Querist : Anonymous (Querist)
06 October 2015 thanks ...i' ll go through it.
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