banner_ad

Building Demolition - capital expenditure?

555 views 3 replies
User Avatar

1359 Points Posted on 09 October 2022
A building is demolish to build bigger building and firm have loss of 50 lac on demolishing the building does this demolish ( scrapping) loss is capitalised ???
1 Reply Share Follow
On 09 October 2022 at 18:39 Report
Replies (3)
User Avatar

Profession Business
28207 Points Posted on 10 October 2022
Building demolition is the only activity.
44 Reply
On 10 October 2022 at 07:19
User Avatar

1359 Points Posted on 10 October 2022
What ??
1 Reply
On 10 October 2022 at 15:01
User Avatar

Finance
4566 Points Posted on 11 October 2022

You've already capitalised and amortised it over these years. But you'll have a demolition liability provision recorded. 

4 Reply
On 11 October 2022 at 21:41


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details