Capitalisation of expenses
This query is : Resolved
13 December 2013
A person hire a property on rent for 10 years.
he has capitalised the expenses of renovation of property such as electric work, tiles, wash basin, etc.
is doing so is correct (answer yes/no in which section) why
Thanks
he has capitalised the expenses of renovation of property such as electric work, tiles, wash basin, etc.
is doing so is correct (answer yes/no in which section) why
Thanks
13 December 2013
,it can be done,but it is required to be depreciated for (over the period of lease/hire)
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