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i have one doubt. i purchases of fixed assets from other
state the value 5 lack. the transpotation cost of 50
thousand now the value of fixed asstes is 550000 or only 5
lack, it is right or worng .. pls cleare my question

Question Posted / jaiganesh.myd

Answers were Sorted based on User's Feedback



i have one doubt. i purchases of fixed assets from other state the value 5 lack. the transpotati..

Answer / rajesh

Hai you can debit Rs.550000/-. in Fixed itself . Not only
this if you are installing this machine & labour cost also
you can debit in Fixed assets

Is This Answer Correct ?    17 Yes 0 No

i have one doubt. i purchases of fixed assets from other state the value 5 lack. the transpotati..

Answer / ramulu

now the value of fixed assets is 550000 becoz when the time
of purchse fixed assets we pay any expenses for assets that
is called capital expenditure it is added to asset value
now asstes a/c is debited to total cost of asset.

Is This Answer Correct ?    3 Yes 0 No

i have one doubt. i purchases of fixed assets from other state the value 5 lack. the transpotati..

Answer / kavita uniyal

yes fixed assets is debit with the amount of 550000 becoz
transport cost is capital expenditure nature that's why it
is add in assets

Is This Answer Correct ?    2 Yes 0 No

i have one doubt. i purchases of fixed assets from other state the value 5 lack. the transpotati..

Answer / arjunanag@rocketmail.com

the asset value is 5,50,000. we have to add all expenses
from purchase to set that asset in company. total expenses
are capital expenditures. so that's expenses also add to
that asset.

Is This Answer Correct ?    2 Yes 0 No

i have one doubt. i purchases of fixed assets from other state the value 5 lack. the transpotati..

Answer / sricharan babu m

Any expenditure incurred up to installation (Ready to Work)
of any Asset, that amount can add to Asset original value.
that means we are capitalising that expenditure amount also.

Is This Answer Correct ?    1 Yes 0 No

i have one doubt. i purchases of fixed assets from other state the value 5 lack. the transpotati..

Answer / nishant goel

the asset value is 5,50,000. bcoz tranportaion in direct
exp. so it will be add in cost of asset

Is This Answer Correct ?    1 Yes 0 No

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