My company has taken this new office on lease and made expenses on electrical installation(wires,MCB's).they are planning to use this office for 4 or may be 5 years.shall this installation be expensed compleatly in one year, depriciated over the life(practically we wont be continuing with this office that long), or ammortised over the lease period of office.
Menu
Treatment of electrical installations.
Replies (2)
when useful life is more than one year, then you can capitalse the expenditure.
here electrical installation can be capitalse. then it can be depreciate over useful life of the asset.
Thank you sir for your help
Regards,
Ankur.
Recent Topics :
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
Related Topics :
CAclubindia
