Fixed assets
This query is : Resolved
Digambar Singh
(Querist)
24 November 2011
sir tell me i brought new car.so in this car i paid some money to broker so it would be add in FA cost and i would charge Dep on this amount.and also Insurance amount is also i paid to with car cost so this amount also add in FA cost
CA. RAVIKUMAR
(Expert)
24 November 2011
Yes, you can capitalise the expenses which is incurred to bring the asset to working condition
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