I have one query.
My client recently took a rental building for garment showroom. He initially spend spend good amount of money for interior decorator expenses.
Pls clarify whether i need to capitalize the expenses since benefit is for more than a year or expenses the same because no building owned and it is a rental building.
Dear Murali,
Thanks for asking. Regarding the accounting treatment of interior design, only those expenditure which increases the future benefits of an asset from its previously assessed standard of performance can be added to cost of the asset(AS10). In this case of rented property ,the same is not regarded as fixed asset and also the expenditure on interior design does not qualify as capital expenditure. The same needs to be charged to profit and loss account.
Just one small correction, As per my opinion it should be capitalized, since the benefit which accrues due to such interior decoration is for a more than a year and also there is no requirement in AS 10 to own the asset to capitalize in the books.
Thanks
Acoustic Panel Placement for Home Theater Noise Reduction System
AcousticManufacturer is an independently owned company in the lines of wood pattern acoustic panels and sound absorption products. Currently, AcousticManufacturer operates manufacturing in Guangdong where produce top quality acoustic products in China, we set our export department office and showroom in Guangzhou city centre, where is convenient for our customers to visit us when they attend Canton Fair from all over the world.
Acoustical Products
Acoustical Sound Insulation Fabric Wall Panel for Recording Studio Fire Retardant Perforated Wood Acoustic Wall Panel Cheap Wall Panel 3D Wall Panel Polyester Fiber Acoustic Panels for Interior Soundproofing Colorful Cheap Acoustic Foam Tiles Sound Reducing Wall Panels Aluminum Folding Moving Partition Wall Acoustical Partition Wall Soundproof Fabric Wrapped Acoustic Panels for Cinema Decoration
Our acoustic diffuser and acoustical pyramid products have been exported to many countries and regions all over the world such as Singapore, Japan, Australia, United States, France, Saudi Arabia, India, Thailand, Libya, Switzerland, Palestine, Gabon, etc.
Domestic Cases
China Agricultural Bank Branch, Beishi District Sub-Branch; Hefei Exhibition Center; Multi-Purpose Hall of Guanghan Flight College; Quality and Technical Monitoring Center of Yunnan Province; Shenzhen Bay Sports Center; Honghe Broadcasting Station; Chongqing Sheraton Hotel, etc.
Acoustical Panel Placement for Home Theaters Noise Reducing Systems
Being passionate about what we do and have fun to do it. AcousticManufacturer wants to win with you by professional technology, steady mass production, perfect quality and honest idea. And we know how to choose the right products for different markets with the best design and matching technology as well. We will continue provide the best quality service and most cost-effective to every customers.
Tag: inflammable wooden perforated acoustic panel, fabric acoustic wall panel for banquet room, laminated acoustic ceiling panel, wood wool acoustic panels(sound absorption), perforated mdf acoustic panel 18mm, acoustic ceiling products
Official Site: http://www.acousticmanufacturer.com/Pattern-Acoustic-Panels.html
In order to maintain the building, there is the need for interior décor that is valuable. Most of the times, you have top surveys essayshark that will be able to conduct the different researches on decors.
<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}-->dgcustomerfirst dollar general Dollar General's products include clothing, cleaning products, home accessories, health and beauty products, pet supplies, toys, seasonal items and groceries.