Fixed assets capitalization
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 June 2015
A training centre is establishment for 2 months. Whether the same should be capitalized or not?
The Company provides training and its revenue is out of it. The training centre is not fixed. It is established for short period...like 2 to 3 months.
Also, whether consumables for establishing the same centre will be capitalised or not?
The Company provides training and its revenue is out of it. The training centre is not fixed. It is established for short period...like 2 to 3 months.
Also, whether consumables for establishing the same centre will be capitalised or not?
20 June 2015
expenses are capitalised when we derive the benefit from it a period of time i.e in few years
in your case period is only 2-3 months so, no need to capitalise every expense of yours should be debited to P&L A/c
in your case period is only 2-3 months so, no need to capitalise every expense of yours should be debited to P&L A/c
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