Capitalisation of improvements made in leased building
This query is : Resolved
10 May 2014
Dear Sir,
Please give your valuable advise on whether a lessee company can capitalise and claim depreciation on the improvements made on a leased building...
The nature of Lease is operational lease and the lessee company had incurred expenditure from plastering work to office furnishing
Thanks in advance
Sajana
Please give your valuable advise on whether a lessee company can capitalise and claim depreciation on the improvements made on a leased building...
The nature of Lease is operational lease and the lessee company had incurred expenditure from plastering work to office furnishing
Thanks in advance
Sajana
12 May 2014
Lessee company can not capitalise the plastering expenses since the building belong to lessor company. Lessee company can claim it as expenditure and debit to Profit and Loss account.
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