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Capitalization of asset

This query is : Resolved

Mugdha (Querist)
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03 July 2011 Hi..
In case of a company purchases a vehicle which is a second hand by way of loan, when it needs to be capitalized? Whether on the basis of usage or on the basis of registration?

sudhakar ca cwa

sudhakar ca cwa (Expert)
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03 July 2011 Asset capitalised based on Usage

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