Can we capitalize value of Car Accessories like key cover, cover, seat cover

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

Replies (4)
Quick Summary
This discussion explores whether car accessories such as key covers and seat covers can be capitalised and depreciated, or if they should be expensed directly. The consensus is that these items are generally considered personal or administrative expenses and cannot be added to the car's capital value for depreciation, especially if used for partner commutation. They should typically be treated as admin expenses.

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
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. 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details