Treatment of construction of roads within factory
This query is : Resolved
01 February 2010
I just wanna know whether the construction of roads within the factory premices are to be treated as part of fixed assets or whether to write it off wholly during the year of expenditure?
Clarifiction will be of great help.
Clarifiction will be of great help.
Mahesh Babu
(Expert)
01 February 2010
Since Construction of Roads in the Factory premises provides an enduring benefit to the Company, it will be a capital expenditure and will be part of Fixed Assets.
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Mahesh Babu
(Expert)
01 February 2010
Since Construction of Roads in the Factory premises provides an enduring benefit to the Company, it will be a capital expenditure and will be part of Fixed Assets.
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