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Accounting treatment of Purchase of fixed assets using corpus fund

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(Querist)
28 April 2025 Dear Sir,
Could you please tell me, What is the accounting treatment for corpus funds used for purchasing fixed assets?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 April 2025 Capitalise the assets and claim depreciation and adjust the depreciation against corpus fund.
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