16 March 2011
IN THE TEXTILE MILLS, THERE ARE NORMALLY HEAVY EXPENDITURE ON THE MACHINERY MAINTENANCE. MY QUERY IS THAT IS IT DIRECT EXPENSE TRANSFERRABLE TO THE MANUFACTURING AC. OR NOT?
16 March 2011
REPAIRS EXPENSES CAPITALISED ONLY WHEN FOR THE REASON OF REPAIRS, INCREASED FUTURE ECONOMIC VALUE/BENEFITS OR INCREASE IN USEFULL LIFE OF MACHINERY.
16 March 2011
agreed to experts,yes it will be depending upon the situation bt mostly its use to charge in P&L A/c.
Guest
Guest
(Querist)
17 March 2011
thanks for the reply experts, my query was that as machinery maintenance is part of production in the textile mills , than what should be the treatment olz. clarify in detail