Fixed asset
This query is : Resolved
Ruchi Agarwal
(Querist)
22 August 2014
A co. has bought a new car & has paid car registration charges for the same. Should Registration charges paid should be adde to the cost of car (i.e. Fixed Asset) or should it be expensed to P&L.
Vishnu Saboo
(Expert)
22 August 2014
yes, registration charges also must be capitalized.
Rupesh Jain
(Expert)
22 August 2014
yes it is include in cost of car.
Vaibhav Sharma
(Expert)
23 August 2014
Expect insurance registration charges include in f.a cost
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