12-05-2003, 08:09 PM
AOA
TO ALL
i think wives are our long term assets
coz these are future economic benefits.
when we acqiure them it is a heavy expenditure
then all expense incurr on them should be charged to repair and maintenance account
but a trip to hill station aften increase their performance so benchmark treatment is that this should be capitalized but allowed alternative is that you can debit it to p&l
There is a will there is a way.
TO ALL
i think wives are our long term assets
coz these are future economic benefits.
when we acqiure them it is a heavy expenditure
then all expense incurr on them should be charged to repair and maintenance account
but a trip to hill station aften increase their performance so benchmark treatment is that this should be capitalized but allowed alternative is that you can debit it to p&l
There is a will there is a way.
