On which cost we have to record the asset

on which cost we have to record the asset at its purchase cost or purchase cost including installation ?
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Quick Summary
This discussion clarifies the cost basis for recording assets. Assets should be recorded at their purchase cost, including any necessary installation expenses. While installation charges might seem like an expense, they are capitalised as part of the asset's cost. This allows these costs to be recovered over time through depreciation or amortisation.

INCLUDING INSTALLATION.

But installation charges is expense why it is not recorded in p&l a/c ???

WHEN YOU CAPITALISE COSTS THEY ARE RECOVERED EITHER THROUGH DEPRECIATION OR AMORTISATION

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