i engaged with the accounts of manufacturing concern, i have
a question when we purchased a fixed assets and after this
we put the fuel in this for trial then this fuel is our also
capital exp
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Answer / Deepika Sharma
The cost of fuel used for trials on a fixed asset could potentially be considered as a part of the asset's cost. This is known as 'Bona Fide Costs.' However, it's important to note that accounting treatment can vary depending on the specific rules and regulations of your jurisdiction. For a definitive answer, please consult with a qualified accountant or financial advisor.
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Answer / amit kumar tiwari
You should capitalize only fixed asset as per actual bill
not Fuel coz in every financial year you will calculate
deprecation on that assets.
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