Leasehold Land

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Section Officer
127 Points Posted on 07 August 2009

what type of expenditures shall be included in the capital cost of a leasehold land?

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On 07 August 2009 at 11:48 Report
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Chartered Accountant
98 Points Posted on 07 August 2009

The present value of the lease rentals and all incidental costs for inception of the lease shall be capitalised as per AS-19.

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On 07 August 2009 at 21:46
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Chartered Accountant
98 Points Posted on 15 August 2009

Generall leasehold land is not capitalised. It should be treated as operating lease.

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On 15 August 2009 at 22:32

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