If A Manufacturing Company's Machinery's life has fully Depreciated in the Books.
But the company thinks to use the same Machine with some modification.
In this case how we have do account the cost, whether the cost fully to be charged as Expense or that cost should treat as a Fixed Asset.
IF THE MODIFICATION IN MACHINARY GIVING FUTURE BENFITS THAN COST OF MODIFICATION IN MACHINARY WILL TREATED AS NEW MACHINARY AND DEPRICIATION WILL CHARGED AS PER THE CONDITION.
Arvindkumar Maniar & Co.
Rajkot
CA
View Details
A R JADHAV AND ASSOCIATES
Mumbai
CA Inter
View Details
Gowra Ventures Pvt Ltd
Hyderabad
CA
View Details
BHUPINDER SHAH AND COMPANY
New Delhi
CA Inter
View Details
CAclubindia
