AS 10 Fixed Assets

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cineshjoseph (Querist)
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21 March 2011 How to treat expenditure on temporary constructions like fabrication sheds, chain link fencing etc which are constructed to facilitate main project and are to be dismantled on completion of project? How to treat these expenditure ie charged to revenue or to be treated as general overhead and apportioned among various assets under main project?
Is there any specific para in AS or guidance note? Pls refer if those are available.

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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21 March 2011 expenditure on temporary constructions = 100% depreciation will be allowable in the year of construction.

Pankaj Gandhi Jaiswal

Pankaj Gandhi Jaiswal (Expert)
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10 June 2011 This will not be capitalised and this will be part of project cost..book in the year when it is incurred

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