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?
Menu
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
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
