Capitalisation of installation expenses
This query is : Resolved
16 March 2015
Dear Sir/madam ,
Kindly clarify me in which case we can show the installation cost as expenses and in which case we can capitalised it...
Kindly clarify me in which case we can show the installation cost as expenses and in which case we can capitalised it...
16 March 2015
every time for any capital asset installation exp needs to be capitalised as per as 10
16 March 2015
yes sir, u r correct but my question is while purchasing asset we incurred some installation cost ,after can we show as expenses of both asset cost and installation cost.
16 March 2015
at purchase it needs to be capitalised only.....after that only if it increase the life of asset the needs to be capitalised.
16 March 2015
So sir not required to show it as expenses at the time of purchase also.
16 March 2015
its added at time of purchase to cost of acquistion.
it is expensed later when it does not add value or increases the life of asset.
it is expensed later when it does not add value or increases the life of asset.
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16 March 2015
Thank You very much Sir...
16 March 2015
you are welcome rabindra sahoo.................
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