HIRE charges of Machinery and Equipments
This query is : Resolved
27 June 2008
Plzzzz....Guide me.....Whether Hire charges of machinery and Equipments for the purpose of construction should be capitalized or not?
27 June 2008
Yes.
28 June 2008
Whatever charges/expenses paid in construction of a CAPITAL asset must be capitalised....
IT is part of COST as per AS 10
IT is part of COST as per AS 10
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