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
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
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.
| 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.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
