Menu
Bulbs changed for entire hotel to LED. can it be capitalised.
Can we capitalise the cost if change of existing bulbs to cost saving LED bulbs. amount involved runs into lacs.
Replies (2)
Capitalisation of assets is not based on the sum involved.
Capitalisation of bulb is not possible since one would not expect the benifit from would b available for more than 1 financial year especially in case of hotels
Recent Threads
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
Related Threads
CAclubindia
