We may incur some significant expenses on account of new factory opening in the form of inauguration function involving event management company expenses, exp on food and refreshments for visitors etc...may also include travel. Can we capitalise this along with the building cost. Is this to be treated separately and expensed or we can increase the building cost with this and claim depreciation Thanks for your help
14 November 2013
i dont think such expense are eligible for capitalization as they dont yield enduring benefits to the company. should be expensed out.
CAclubindia
