furniture
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 August 2010
A COMPANY HAS GIVEN AN ORDER TO MAKE AND FIT WOOD WINDOWS IN ITS OFFICE PREMISES.ORDER AMOUNT RS. 10000 WILL BE CAPITALISED?OTHER SMALL EXPENSES BY COMPANY TO COMPLETE WINDOWS(TO PURCHASE ITS MATERIAL) IN DIFFERENT AMOUNT ON DIFFERENT DAYS (OF AROUND RS 1000 ) WILL ALSO BE CAPITALISED ?
OTHER SMALL AMOUNTS WILL BE GIVEN 100% DEPRECIATION OR WILL BE ADDED TO RS 10000 AND WILL BE GIVEN DEP. AS SAME AS TO RS 10000?
OTHER SMALL AMOUNTS WILL BE GIVEN 100% DEPRECIATION OR WILL BE ADDED TO RS 10000 AND WILL BE GIVEN DEP. AS SAME AS TO RS 10000?
31 August 2010
All exp till the completion of assets should be capitalised as per AS-10. So rs 1000 aslo capitalised and dep will charged on it.
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