An existing asset is demolished for building a new asset.
What is the accounting treatment of the demolition charges which is in lakhs?
Menu
Capitalising Demolition expenses
Replies (2)
Under Repairs and Maintenance....
As per AS 10, demolishing of old building will cover under the meaning of site preparation cost. so it can be capitalise.
Recent Topic
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
- Internal reconstuction
- IDS Refund – Annexure B & GSTR-3B Match,
- Can i should STCG and LTCG as business income ?
- Capital contribution in Firm
- Form 3CD – Clause 20(b) | ESI Contribution &
- Capital Gains on Dissolution of Partnership
Related Topics
CAclubindia
