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Transportation cost - capitalised or not

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Service
23 Points Posted on 29 November 2017

Hi 

I have basic question  about capitalisation of transportation cost. When we are going to capitalised transporation cost ? As per my opinion Rs. 650 cost need not be capitalised if we purchased fan and other electric materials. Am i right ?

 

Supriya

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On 29 November 2017 at 13:33 Report
Replies (9)
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Student CA Final
11857 Points Posted on 29 November 2017
Consider materiality level while capitalising... Just claim as an expenses
49 Reply
On 29 November 2017 at 14:07
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Student CA Final
11857 Points Posted on 29 November 2017
As per AS 10, all costs should be capitalised which is incurred in relation to fixed assets... In its intended use by management
49 Reply
On 29 November 2017 at 14:09
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240 Points Posted on 29 November 2017
it should be capitalised bcz expense is incurred bcz use.
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On 29 November 2017 at 14:19
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Student CA Final
11857 Points Posted on 29 November 2017
Hmmm... All expenses should be capitalised which is necessary to incur to bring fixed assests in its intended use by management
49 Reply
On 29 November 2017 at 14:24
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Service
23 Points Posted on 29 November 2017

but amount is too small 

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On 29 November 2017 at 14:38
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Student CA Final
11857 Points Posted on 29 November 2017
Koi nahi phr v capitalised kar do aap fixed assets ke sath
49 Reply
On 29 November 2017 at 14:41
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240 Points Posted on 29 November 2017
yes it should be capitalised.. amount doesn't matter. btw it's really very small amount even department will not raise this issue 😂😂😂
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On 29 November 2017 at 14:54
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Student CA Final
11857 Points Posted on 29 November 2017
When it is added with fixed cost... Then amount is not small... All costs should be added to fixed assets cost
49 Reply
On 29 November 2017 at 14:56
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Student CA Final
11857 Points Posted on 29 November 2017
As ur wish if u want to record this as an expense... Then record...
49 Reply
On 29 November 2017 at 14:57


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