Capitalised expenses

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Querist : Anonymous

Querist : Anonymous (Querist)

09 February 2012 Which Expenses are capitalised to Machinery A/c.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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09 February 2012 Instalation and transport charges to brought the machinery to the factory.
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Querist : Anonymous

Querist : Anonymous (Querist)

09 February 2012 Sir,
You Say Installation & Transporation Charges,
but you not say octroi, insurance & freight expenses are required to capitilasied? say yes to how i do this entries in our account book?

CA Punit

CA Punit (Expert)
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19 February 2012 Freight/Transportation, octroi, first insurance, installation and any other expenses incurred fully in relation to procurement of machinery can be capitalised.

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