Capitalization of spare parts for vehicles
This query is : Resolved
18 June 2014
Purchase of spare parts for vehicles shown in Repairs and maintainence.... us it be capitalized?
Guest
Guest
(Expert)
18 June 2014
DEPENDS.. IF THAT PART HAS INCREASED THE LIFE OR EFFICIENCY OF VEHICLE THEN ONLY U CAN CAPITALIZE IT .. OTHERWISE BETTER TO EXPENSE IT OF WHATEVER COST IT IS........
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