if we take a office on rent & rennovate it completely & purchase new furniture for it then the cost of rennovation & furniture will be capitalised or not?

Dear Sir,
During the financial year, we have purchase an asset. We availed an offer to exchange an old asset in our books for the new one purchased.
New asset = Rs.50,000/-

Less: Offer for
exchange of old
asset = Rs.10,000/-
===========
AMOUNT PAID = Rs.40,000/-
===========

The book value of old asset (referred above) is
Original cost = Rs.3,000/-
Less: Dep Reserve = Rs.2,999/-
----------
WDV = Rs. 1/-
==========

Please advise the journal entry to be passed on the above.
Regards
S. Anand

is first insurance of car should be capitalised? is it optional?

What is the JV passed for a credit note issued by the seller (Creditor)?

Hi friends,
1)What is brand value and we can distungish from goodwill?
2) Is good will & brand is one & same?

Can anyone explain me the reasons for not recognizing internal generated good will?

Please can any one advise on the journal entry for proposed dividend at the time of closure of books and then declaration of Final Dividend and payment thereof.

Should it be as below:

At the time of closure of books

Profit & Loss A/c Dr.
To Proposed Dividend (liablity)

On the date of AGM when final dividend declared

Proposed Dividend Dr.
To Final Dividend Payable

At the time of payment

Final Dividend Payable A/c Dr.
To Shareholders A/c

Shareholders A/c Dr.
To Bank A/c

Thanks in advance.

Dear's

If Forex Loss due to purchase of machinery from USA.

Pls. Give A Entry and above loss can a take a part of capitailisation.

Kindly Advice To Me.
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Thanks
Arun

Kindly tell me TDS refund entry received from Income tax department for f.y. 2009-2010.

AS13 says that carrying amount of Long Term Investment usually at Cost, or
if there is decline in value of investment which is not temporary, then carrying amount of investment is reduced by the amount of such decline.
My doubt is if there is an increase in value of investment after 1 year of purchase of such investment which is not temporary, then what would be the carrying amount of investment for the purpose of Balance sheet?