Amount of 1 lakh have been spent on purchase of miniature model. What will be the accounting treatment for this. Wether it will be expensed out in single year or by treating it as defred revenue expenditure it must be capitalised( but under what head).
I understand it should be capitlaised as Furniture & Fixtures and Depreciation should be charged accordingly.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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