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what is the capital goods?

Question Posted / ajayrana.singh6


what is the capital goods?..

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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