Dear sir;
vehicle registration charges is expenditure or Fixed Asset ????
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Vehicle registration
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Quick Summary
It's an expenditure
Thank you sir
Your welcome
It is a part of cost of the vehicle and hence an asset.
But maan registration charges will be treated as an expenditure na??
Registration charges of the vehicle should be included in the cost of vehicle i.e. should be capitalize
| Originally posted by : Sourav | ||
 |
But maan registration charges will be treated as an expenditure na?? |  |
As I understand, all the costs associated in bringing the asset to operation is part of acquisition. In this case, since the vehicle cannot run without being it registered, it is a part of cost of acquisition.
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