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Capitalisation of Leasehold Land

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(Querist)
27 March 2008 I want to know the accounting treatment for the below mentioned situation of a leasehold land.

Lease Period : 99 Years
Plot Deposit : 5.5 Lac (Refundable)
Development Charges : 14.5 Lac (Non Refundable)
Water Plant Cost : 3 Lacs ( Non Refundable)

How much should i capitalize? How much to be shown as deposit?

Give your suggestions
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CA Praveen Chopra

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CA Praveen Chopra (Expert)
27 March 2008 Deposit amount can`t be capitalised since it is refundable.Remaining both items should be capitalised.
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
28 March 2008 CAPITALISE 17.5 LACS(14.5+3) BEING NON REFUNDABLE
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Subash Gaijes

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Subash Gaijes (Querist)
28 March 2008 Thanks for your comments to support my opinion
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jaygulani

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jaygulani (Expert)
01 April 2008 Contact to Jay Gulani for Live chat. dial 09424515253
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