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What is asset capitalization date? and asset value date...what is difference between them. I have come across definitions still not clear...can any body explain with example...Thank you.
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Answer Posted / sapuser
I will tel u with an example.
Company has purchased a asset on 01.03.2008 and the asset
has gone to production on same day. Today the company is
going to sell the particular asset that is 07.02.2011, for
that company will valuate the asset as on today.
Now, 01.03.2008 is asset capitalization date
07.02.2011 is asset value date
(Guys correct me if I am wrong.)
| Is This Answer Correct ? | 20 Yes | 23 No |
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