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Capitalisation

This query is : Resolved 
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(Querist)
23 June 2011 Dear All,

Can insurance of new car & registration expenses be capitalized.

Regards
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Kumar Babu.G

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Kumar Babu.G (Expert)
23 June 2011 Registration and Insurance expenses of new car can be capitalised.
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CA NIDHI VYAS

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CA NIDHI VYAS (Expert)
24 June 2011 Registration Expense can be capitalized but insurance can't be capitalized it has to be expensed because insurance is not an expense benefit of which is for more than a year.
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