capitalisation of fixed assets
This query is : Resolved
10 July 2010
what is the date of capitalisation of fixed asstes in case of plant & machinery purchaed through loan from financial institution
10 July 2010
In my opinion the date of installation should be the date of capitalisation.
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.
In case of already started company , the date of installation is date of captalization.
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.
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