Fixed assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 February 2014
My client has purchased a property and following expenses paid by him
1) stamp duty
2) brokerage
3) surveying charges to a professional for knowing legal status of a property
4) loan processing fees for taking loan
i think all these expenses must be capitalized can any one correct me, if i m wrong. ASAP
1) stamp duty
2) brokerage
3) surveying charges to a professional for knowing legal status of a property
4) loan processing fees for taking loan
i think all these expenses must be capitalized can any one correct me, if i m wrong. ASAP
05 March 2014
Yes all these expenses will be added to the cost of the asset.
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