Insurance exp.
This query is : Resolved
Parmod Rawat
(Querist)
29 June 2012
Can anyone tell me that insurance expense incurred on new car can be capitalised or not? if yes then what is the reason behind this...
Thanks,
Parmod Rawat
Can anyone tell me that insurance expense incurred on new car can be capitalised or not? if yes then what is the reason behind this...
Thanks,
Parmod Rawat
Ca Anand Dubey
(Expert)
29 June 2012
It will be capitalised, as any expenses to bring an assets ready to use will be capitalise. A car can not be used without insurance
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