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capital goods

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(Querist)
22 April 2009 what is capital goods? Examples of capital goods.
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
22 April 2009 Capital goods include factories, machinery, tools, equipment, and various buildings which are used to produce other products for consumption. Capital goods also refers to any material used or consumed to manufacture other goods and services.
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bapi

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bapi (Querist)
22 April 2009 In accounts
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Taranjit Singh

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Taranjit Singh (Expert)
22 April 2009 Capital goods include factories, machinery, tools, equipment, and various buildings which are used to produce other products for consumption. Capital goods also refers to any material used or consumed to manufacture other goods and services.
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CMA KNVV Sri Vidya - Sri Kanth

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CMA KNVV Sri Vidya - Sri Kanth (Expert)
23 April 2009 i agree with taranjit sir
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taxindiaconnect

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taxindiaconnect (Expert)
01 May 2009 What about other capital items say for example motor car or any other vehicle since it is not direclty used to produced any product for consumption, should it not be treated as capital goods?. According to me a capital good is the used to generate the revenue directly or indirectly and the useful life of which is spread over a loger period of time genrally more then a year.
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