Capitalization of expense
This query is : Resolved
Quick Summary
thotasrinivas
(Querist)
19 February 2020
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 ??
and let me know the discount need to less from asset value or reduce from Maintenance of vehilce? which is correct way ??
Gokul Sharma
(Expert)
19 February 2020
ALL EXPENSES RELATED TO NEW VEHICLE CAN BE CAPITALISED. discount should be reduce from asset value.
Amol S Joglekar
(Expert)
19 February 2020
The expenses related with the purchase can be capitalised. Discount should be reduced from the value
thotasrinivas
(Querist)
19 February 2020
they gave credit note. how to account for? need to reduce from asset?
Amol S Joglekar
(Expert)
19 February 2020
yes, you can do the same by reducing the value
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