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Flight is the asset is already recognised, now some seats are added in that . Then whether this should be added to the cost of flight Or it can be separately recognised as an asset?(assume it met all the condition as per As 10) If added to the cost flight ,please give me any example where it can be separately recognised as an asset? Please help me with this regard
Answers (4)
Thread Starter
Subash ChandraboseOf course it shall be capitalised But my doubt is when it can be separately recognised separate asset
why we need to treat it as a seperate asset....it just can be capitalised with the cost rgt...is this any ques from some materials....
Thread Starter
Subash ChandraboseOf course it shall be capitalised But my doubt is when it can be separately recognised separate asset
You will capitalise it to the main asset. You will also derecognise existing seats. For depreciation purpose - follow component model.
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