A ship that costs rs 20 crore with 20 years life must have a major overhaul every 5 years.the estimate cost of first overhaul is Rs 5 crore.
how must it be capitalised?
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capitalisation of overhaul cost as per as 10
Replies (3)
the cost of overhaul should be capitalised with the wdv of the ship after 5 years.
can you provide the detailed answer with the amounts?
answer would be 20cr after capitalisation
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