Accountng entry

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 August 2013 Dear sir,

If i paid rs. 17lakh to GEB (gujarat electrical corporation) for expand power supply limit for expantion of business.

if this amt capitalized than iin which heading and calculate depreciation at which rate?

Ganeshbabu K

Ganeshbabu K (Expert)
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19 August 2013 Where is the Asset generated,...

I dont think it needs to be capitalized..
.
.
it can be treated as electrical maintanance and can be charged to profit and loss account

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