CA Final/Inter Fast track classes available for May 20 attempt. Call: 1800-3000-0505

Capitalization of expense

This query is : Resolved 

can we capitalize expenses like Logistics & delivery charges, TR amount for Vehicle??
and let me know the discount need to less from asset value or reduce from Maintenance of vehilce? which is correct way ??

ALL EXPENSES RELATED TO NEW VEHICLE CAN BE CAPITALISED. discount should be reduce from asset value.

The expenses related with the purchase can be capitalised. Discount should be reduced from the value

they gave credit note. how to account for? need to reduce from asset?

yes, you can do the same by reducing the value

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

CA Learning