Assets capitalisation- ind as16

BHUTESH KUMAR MALVIYA (Sr. Account Officer(DSM Sugar-Rajpura))   (47 Points)

20 December 2017  

Hi Experts,


I have a querry about Assets Capitalisation.

We have purchased New 60 Plastic Chairs(Indi. Cost-325/- Each). Whethr it would be capitalised As per Ind AS16(We are covered under Ind AS- Net Assets 750 Crore.) or it would be treated as revenue nature expenditure.?


Please Help.