Hi..
Im doing an accounting for Newly setup Crusher machine Business... My doubt regarding following items whether to expense or Capitalize.. if we need to capitalize.. under which head we need to do ??
1.Pipes and wires and cables
2.Doors and Glass doors and window frames
3.Hardware Items like iron rods and boults
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Accounting treatment of following
Replies (5)
It would depend on the application of these materials. For instance, if these (s/n 1 & 3) are part of building infrastructure for your business, you may capitalize it else expense it.
S/n 2 can be capitalized as furniture & fixtures, if used in office/factory.
All of the items should be capitalised
Can be capitalised under respective assets class
Thank you all
Your welcome
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