As-16

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
13 March 2014 As per AS-16

Borrowing cost of which type of land and building (Intangible Assets) we cannot capitalize


Pls Mention it clearly.


Thanx in ADVANCE

14 March 2014 The assets which do not take substantial time period can not be capitalized.
Like furniture,building,land etc.
And 1 more thing land and building are not intangible assets.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 March 2014 sir
pls tell me when we can capitalize intt. on loan which we have taken for the construction of our house or purchase of our house.



Is it not possible to capitalize Int. on loan in case of Property ,if YES then for which type of property or also not for which tpye of property.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 March 2014 How we capitalize intt. on loan pls show me example.


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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
Featured 16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT, CA SemiQualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
21 July 2026
Chartered Accountant

Keshri & Associates

Thiruvananthapuram

CA

View Details
Company
22 July 2026
Senior Chartered Accountant

SKSS

Patna

CA

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

G A R U D & Associates

New Delhi

CA Inter

View Details
Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Company
28 July 2026
Senior accountant

RJ Public School

Bengaluru

B.Com

View Details