Capitalisation of asset
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 June 2013
A co. is involved in the manufacturing of a machine. It has leased the said machine. Now, is capitalisation allowed for the said asset?? or should it be treated as stock?
What is the accounting treatment ?
What is the accounting treatment ?
21 June 2013
it should be capitalised otherwise you are not calim Depreciation .
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
- Leave encashment and gratuity on death of employee
- Tax Liability on Trading Account in Name of Person with Disability (Autism) Operated by Guardian
- GST ON FREE SAMPLE
- Regarding selling goods
- Tcs claim for previous financial year
- Advocate is authorised for formation of company as per section 7 of the company act 2013
- Applicability of E Invoicing if turnover exceeds rs 5 cr
- TDS on Purchase of Goods 194Q
- GSTR-3 RELATED ITC
- IGST ITC RELATED
- Invertted duty struture
- Clarification Required on GST Rate & HSN Classification – Millet-Based Probiotic Drink
- Itc on mobile phone used for business
- I want to Close my LLP
- Seeking expert opinion on holding vs exit of parternship-owned warehouse business
- TDS Applicability on Adobe Subscription u/s 195
- TDS Return filing if only have 15G /15H deductions and no other payments
- Portuguese Civil Code of 1867
- 80G deduction eligibility
- GST on Tobacco - as per new notification
Trending Online Classes
-
Online GST Course - Master the Fundamentals of GST with Practical Insights
Ruhi Joshirao19 January 2026
CAclubindia
