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WHETHER WE CAN BOOK ALL PRELIMINARY EXPENSES, INCLUDING
ACCESSORIES RELATED TO PURCHASE OF A NEW VEHICLE TO CAPITAL
EXPENDITURE?

Question Posted / thirumbadi


WHETHER WE CAN BOOK ALL PRELIMINARY EXPENSES, INCLUDING ACCESSORIES RELATED TO PURCHASE OF A NEW V..

Answer / Vikram Maheshwari

No, preliminary expenses such as accessories related to the purchase of a new vehicle are considered operating expenses and should not be capitalized.

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