banner_ad

Exchange Fluctuation Vs Fixed Asset

This query is : Resolved 
Profile Image

Profile Image

(Querist)
07 September 2009 The client is paying full advance payment under purchase order for purchasing a machines from foreign supplier.

The foreign supplier manufactures and send machines to Buyer after 60 days.

The contracts Value at CIF - U$100000

Full payment is being made to supplier as advance.

At what cost, machines to be capitalised in case
Exchange Rate - Rs.40 at PO Date / Advance Pyt Dt.
Exchange Rate - Rs.41 at Machine Supply at Foregin Port
Exchange rate - Rs.40.50 at Bill of Entry date
Exchange Rate - Rs.40.75 on Machines receipt at Factory Gate.
Profile Image

CA CHINTAN AJMERA

Profile Image

CA CHINTAN AJMERA (Expert)
07 September 2009 Exchange Rate 40 taken + any expenditure at port or installation taken as machinery cost
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details