capitalisation of fixed assets

This query is : Resolved

sumeet (Querist)
Follow

10 July 2010 what is the date of capitalisation of fixed asstes in case of plant & machinery purchaed through loan from financial institution

CA SMR

CA SMR (Expert)
Follow

10 July 2010 In my opinion the date of installation should be the date of capitalisation.

CA KISHORE VANAMA

CA KISHORE VANAMA (Expert)
Follow

10 July 2010 In case of work in progress project the captalisation of fixed asset has to be made when ever the commercialproduction has started.
In case of already started company , the date of installation is date of captalization.

Rahul Gupta

Rahul Gupta (Expert)
Follow

10 July 2010 Agree with experts. Date of installation can be termed as date of put to use or ready to use. So it should be taken as date of capitalization since assets comes into existence from that date only.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Subbiah S

jagadheswar goud

KAVITA CHAUHAN

Vimlesh kumar

S Soundarya

Subscribe Now

capitalisation of fixed assets

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA