Capitalisation
This query is : Resolved
07 March 2012
The co. has purchased Charger and Battery named as VCB Charger for electric Panel.
Can we capitalise the same
Can we capitalise the same
07 March 2012
Depend upon the expcted life of the VCB Charger you can take a decision to capatilize it or to book as revenue expenditure irrespective of its cost, if the cost is not really very low.
07 March 2012
Agree with expert.
Kind suggestion: if the value is below 5,000/- charge it off, otherwise capitalise depend upon its useful life and rate specified in schedule XIV to the Companies Act, 1956.
Thanks
Mihir Doshi
Kind suggestion: if the value is below 5,000/- charge it off, otherwise capitalise depend upon its useful life and rate specified in schedule XIV to the Companies Act, 1956.
Thanks
Mihir Doshi
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