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Regarding capital expenditure

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(Querist)
14 April 2017 Respected Members
If a firm bought a knitting machine of 10 lacs and paid cartage for machine 15000 and paid wages to cranes and labour 12000 and also paid 8000 installing charges Thus total paid amount of 10.35 lacs rs. Can we considered all 10.35 lacs rs as capital expenditure and claim depreciation on this whole 10.35 Lacs or we can claim only machinery price 10 lacs rs and all other expense as indirect expenses
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CA Shubhanshu Jain

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CA Shubhanshu Jain (Expert)
15 April 2017 Expenditure incurred till final installation of machine should be capitalized and forms part of cost of machine so accordingly in your case 10.35 lacs is the cost of machine and depriciation is to be calculated on the same
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