i have purchased a car. can i add the value of Car Accessories like key cover, cover, seat cover etc & capitalize to take depreciation of it. or expense it directly
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Can we capitalize value of Car Accessories like key cover, cover, seat cover
Replies (4)
Is it personal or for company? If it is used in production, now then expenses can be capitalised only if they aid in production as well.
No, you cannot take such expenses with added to car. Depreciation is claimed on cost of asset
| Originally posted by : yasaswi gomes | ||
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Is it personal or for company? If it is used in production, now then expenses can be capitalised only if they aid in production as well. |  |
it is used by partners for commutation
Please put it into admin expenses.
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