Capitalization of asset
This query is : Resolved
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?
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
(Expert)
03 July 2011
Asset capitalised based on Usage
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