capitalisation of assets
This query is : Resolved
GAURANG KACHHIA
(Querist)
18 May 2011
hello,
i want to know about the capitalisation of plant and machinery.
my query is that there are various palnt and machinery purchased and end of the F.Y. the company could able to start only few palnt and mahchinery.
and there is capital expenditure on pipe line for the whole plant and machinery.
so my question is that whether capital expenditure on pipe line should be treated as separte asset or whether it can be transfered to various plant and machinery?
i want to know about the capitalisation of plant and machinery.
my query is that there are various palnt and machinery purchased and end of the F.Y. the company could able to start only few palnt and mahchinery.
and there is capital expenditure on pipe line for the whole plant and machinery.
so my question is that whether capital expenditure on pipe line should be treated as separte asset or whether it can be transfered to various plant and machinery?
18 May 2011
It use of pipeline is independent of any particular machine, it is a separate asset.
If not, it should be capitalised alongwith the machine alongwith which it can be used.
Refer AS -10 also.
If not, it should be capitalised alongwith the machine alongwith which it can be used.
Refer AS -10 also.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Issuing of delivery challan by seller of goods
- MSME disclosure and disallowance
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
