Capitalisation of assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 February 2012
Dear All,
In our company we have purchase a New Vehicle and it is insuranced.
My Question is Insuranced amt can we capitalist or what?
which are the cost, can we capitazed while purchasing a new assets?
In our company we have purchase a New Vehicle and it is insuranced.
My Question is Insuranced amt can we capitalist or what?
which are the cost, can we capitazed while purchasing a new assets?
CMA Ramesh Krishnan
(Expert)
22 February 2012
First time premium paid while purchase of fixed asset need to be capitalised, further renewal premium will be debited as revenue expenses
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