Capitalization
This query is : Resolved
thandava krishna
(Querist)
02 April 2014
Dear friends,
i had a query, one of my client transferred some assets from one plant to other, at the time of capitalizing those assets in other plant they need some approval, for this they had incurred some expenditure, my query is whether such expenditure is eligible for capitalization, for your information they are charging off all shifting expenditure to P&L A/C except above approval cost, whether the treatment given by them is correct? one more thing they is no improvement of capacity at all.
i had a query, one of my client transferred some assets from one plant to other, at the time of capitalizing those assets in other plant they need some approval, for this they had incurred some expenditure, my query is whether such expenditure is eligible for capitalization, for your information they are charging off all shifting expenditure to P&L A/C except above approval cost, whether the treatment given by them is correct? one more thing they is no improvement of capacity at all.
Rupesh Jain
(Expert)
03 April 2014
exp of shifting to be capitalized .
apporaval is company internal matter.
if they are not capitalizing then they mention in audit report. that task.
apporaval is company internal matter.
if they are not capitalizing then they mention in audit report. that task.
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