Hi friends,
My question is that while construction of railway bridge, some utlities of other departments are shifted, for example Electricity, water department etc. Whether the shifting expenses to be capitalise or charged to revenue account. If it is to be charged to P&L, there is no maching revenue since the project is under progress. Let me know whether such expenses to be capitalised or charged to p&l acct. The shifted utilities are going to be an asset of respective department not the railway department. Please suggest me as early as possible.
CAclubindia
