As-10.accounting for fixed assets

It should be captlised as per AS-10

yes as per AS10 all expenditure icurred for bringing the goods to the premises is capitalised i.e added to the cost of asset

YES IT IS TO BE CAPATILISED..........

ALL EXPENDITURE INCUEERD UP TO THE READY OF USED OF ASSETS IS TO BE CAPATILISED...

IT IS A CAPITAL EXPENDITURE...............

Agree with above mates... :)

Yes v can capatalise it...However it should be substential amount otherwise no use of capitalising it.

yes, travelling expense will be included in the cost of asset since it is incurred to bring the asset at its present usable state..

yes it should be capitalised. all expenditure till bringing the capital asset to premises should be capitalised as per AS-10

Yes, the travelling expenses for bringing the asset to its present location and condition for the intended use of the management needs to be capitalised to the asset cost.
 

yes it should be

hey 

can anyone tell me what is the treatment of under construction assets or depreciation can be claimed on such assets or not. 

All expenditures incurred for the purpose of bringing the fixed asset to the present location and condition has to be capitalised. hence it is advisable to capitalise such travelling expenses .

Hi pawan, Dep is charged after the asset is ready for commercial use. It can not be charged on underconstruction assets.

CA Shakuntala Chhangani

Depreciation is charged only on the assets which are ready for use. In your case asset under construction cannot be depreciated however, they can be impaired if there are indicators of impairment. Thanks