depreciation
This query is : Resolved
29 May 2008
i purchased a new machinery for Rs200000 and company gave a 1yr warranty.After 6months due to some technical problem machine got repaired and co. replace some spare parts and raised a invoice forRs50000 and on that invoice mentioned free of cost.my query is whether i should capitalize this extra 50000 also even though i not paid any amount.
29 May 2008
no, this amount is not paid by you so it is not capital exp of your co.
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