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Can you capitalize loss ..in case your company is into project phases and it has not launched commercial operation
Can you capitalize loss ..in case your company is into project phases and it has not launched commercial operation
Replies (2)
The Project is in construction stage and has not commenced operation, which loss you want to capitalise?
i had CWIP (Rs 100/-), which got damaged in fire. I have got insurance claim (Rs.80/-) against the same. Now, whether to capitalize the loss of Rs.20/- or should be charged to P&L account....as the company has not commenced commercial operations.
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