Is painting revenue or capital expense?
This query is : Resolved
22 June 2015
IS EXTERIOR PAINTING OF BUILDING DONE AFTER 4-5 YEARS TREATED AS REVENUE EXPENDITURE OR CAPITAL EXPENDITURE?
22 June 2015
DEAR TANVI,
painting expense of building is always a revenue expenditure.
As this expenditure do not increase the capacity of the asset.
Also painting is not an addition to the building.
painting expense of building is always a revenue expenditure.
As this expenditure do not increase the capacity of the asset.
Also painting is not an addition to the building.
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22 June 2015
its revenue exp. due to its not add/expand the building.
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