Capitalisation
This query is : Resolved
shoeb parwaiz
(Querist)
23 June 2011
Dear All,
Can insurance of new car & registration expenses be capitalized.
Regards
Can insurance of new car & registration expenses be capitalized.
Regards
Kumar Babu.G
(Expert)
23 June 2011
Registration and Insurance expenses of new car can be capitalised.
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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