Capital & revenue expenditure
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 December 2015
Hi all,
my query is there is an Fixed Asset of which estimated life is already lapsed now the mgt has put extra spare parts (2nd hand) in that machine on which substantial amt is spend, now the question is whether this amt will get capitalized or charge to revenue as expense???
my query is there is an Fixed Asset of which estimated life is already lapsed now the mgt has put extra spare parts (2nd hand) in that machine on which substantial amt is spend, now the question is whether this amt will get capitalized or charge to revenue as expense???
24 December 2015
It will be capitalized to the plant & machinery.
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