Query related to as11 very very urgent for tommorow exam
This query is : Resolved
akash gupta
(Querist)
31 October 2012
please anyone can tell the details of para46A added in AS11 .and amendment in as11 related to FCMI cpitalisation extention from 31mar 12 to mar 20
SANYAM ARORA
(Expert)
31 October 2012
Br o i am not sure but i think 20 will be applicable.
akash gupta
(Querist)
31 October 2012
no i am giving you the deail that it is extend to 2020 , my question is what will be the treatment of the same.
CA vidhyadhari
(Expert)
01 November 2012
companies which capitalised exchange difference earlier and if any foreign exchange difference arises again in the current period those can also be capitalised to the cost of asset( depreciable asset). deprecaiation should be recalculated for the remaining useful life
if it is non depreciable asset then can be accumulated in a ‘‘Foreign Currency Monetary Item
Translation Difference Account”
if it is non depreciable asset then can be accumulated in a ‘‘Foreign Currency Monetary Item
Translation Difference Account”
14 November 2012
I agree with the experts but why last moment
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