Capitalisation
This query is : Resolved
09 April 2011
A building constructed by the company for office purpose but is also used for manufacturing of sample products. I want to know if complete building will be capitalised under category Non Factory Building/Office Building or we have to proportion it under factory and Non factory Building.
09 April 2011
You have to proportionate it according to the area of utilization.
09 April 2011
But the basic purpose of the Building is to serve as office building and also the manufacturing is just for sample product manufacturing i.e. not for commercial manufacturing.
10 April 2011
Please make it clear which types of samples are produced
and
how much portion of the building will be used for the purpose of sample manufacturing ?
and
how much portion of the building will be used for the purpose of sample manufacturing ?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Price inclusive or exclusive of GST while made entry in P& L Account
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Dep. as per companies act
- Minimum tax payable to file Updated return
- Applicability of GST on Salary Reimbursement Component
- CHECK RELATED
- UDIN ISSUE
- Change Of Karta In Case of Death
- Non filing of I T Returns
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
