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what is the capital goods?
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Answer / muhammed ishaq sulaiman
Capital goods is a non current asset, which is used to
generate the income (like rent,royalty etc)or to get the
capital appreciation. Example: Trading property,
Development Property, Investment property etc...
Even though the nature looks like an inventory the
construction/ making process is taking time and all the
costs are debited in the CWIP or concerned assets.
| Is This Answer Correct ? | 6 Yes | 1 No |
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