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
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Answer Posted / 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.
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