Capitalization
This query is : Resolved
18 June 2013
Is Crockery set worth Rs.1 lacs & more should be capitalized in company . Is answer is different in case of hotel industry ?
Is Crockery set worth Rs.1 lacs & more should be capitalized in company . Is answer is different in case of hotel industry ?
Rupesh Jain
(Expert)
18 June 2013
it should be capitalized
and claim under furniture head depreciation
but under hotel you can cliam under plant & machinery depreciation rate
and claim under furniture head depreciation
but under hotel you can cliam under plant & machinery depreciation rate
Guest
Guest
(Expert)
20 June 2013
Crockery expenses may also be revenue, depending upon general expenditure of company.
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