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 Topics :
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
- Hi experts need some help
- Is SAP FICO a good career option for finance and a
- Direct Cost booking
Related Topics :
CAclubindia
