Query on basic accounting

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pavankumar (Querist)
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10 June 2013 Q1)Whether All Fixed Assets are Depreciable Assets?
Q2)When Goodwill is shown under head "Fixed Asset and when shown under head "Miscellaneous Expenditure" ?

Please guide me for above two question.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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10 June 2013 1.No, not all the fixed asset depreciable asset. appreciable assets also is there,ex: land

2. Goodwill need to be shown under fixed asset only

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Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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10 June 2013 Goodwill can be depreciated vide Delhi high court decision dated 14/01/2011 in the case of Hindustan Coca-Cola Beverage Pvt ltd.

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