banner_ad

What is Gross Block

This query is : Resolved 
Profile Image

Profile Image

(Querist)
09 February 2025 what is Gross Block in Fixed Assets.
Profile Image

Aashok Kumar Sharma

Profile Image

Aashok Kumar Sharma (Expert)
12 August 2025 Gross Block in Fixed Assets refers to:

The total original cost of all fixed assets (like land, buildings, machinery, vehicles, etc.) owned by a business, before any deductions for depreciation or impairments.

It includes the purchase price, import duties, non-refundable taxes, installation charges, transportation costs—basically, all expenses necessary to bring the asset to its present location and condition for use.

Example:
If a company buys a machine for ₹10 lakh and pays ₹50,000 for installation and transportation, the Gross Block will be ₹10.5 lakh.

Summary:
Gross Block = Cost of acquisition + all capital expenses on the asset.

Does not account for depreciation.

Used as the starting point to calculate the Net Block (Gross Block - Accumulated Depreciation).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
04 May 2026
Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
ARTICLESHIP 31 May 2026
CHARTERED ACCOUNTANT ARTICLE ASSISTANT

KPRS And Associates

New Delhi

CA Inter

View Details