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Capitalising-Journal Entry

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Guest (Querist)
02 June 2011 Pls. help me with the capitalizing journal entry.
Also i would like to know that whether assets should be capitalised based on amount?apart from ensuring whether the exp being capitalised has resulted in improving the efficiency of the Asset,if the amount is meager will that still amount to capitalising asset in books of accounts?
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Kumar Babu.G

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Kumar Babu.G (Expert)
02 June 2011 If the amount is meager means there is no point in capitalising it,in my view it can be written off then and there.
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02 June 2011 Ok thankyou and what are the entries for capitalising expenses?
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