Partnership purchase expense capitalized or not ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 November 2013
I was a partner of a company with 50% shares. now i taken that company with 7 lacs given to that partner and convert that company into proprietorship firm.
now what should i do with that expenditure do i capitalized and depreciate every year or take as an expense
thanks everyone CCI
now what should i do with that expenditure do i capitalized and depreciate every year or take as an expense
thanks everyone CCI
CA PARAS BAFNA
(Expert)
24 November 2013
Please mention the terms of the agreement and status of the firm's assets and liabilities.
.
.
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