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 :
- Foreign remittance from our client for Co Working
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
Related Topics :
CAclubindia
