Fixed asset
This query is : Resolved
19 August 2013
A Fixed asset costing Rs. twelve lakh is to be purchased and an old FA of the same type value Rs. one lakh is to be given to vendor.
Net Rs. eleven lakhs is to be paid to the vendor, then what will be the capitalization value of new asset?
Net Rs. eleven lakhs is to be paid to the vendor, then what will be the capitalization value of new asset?
19 August 2013
You should book it at Rs 11 lakhs only (net.
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