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Capitalization of repairs

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(Querist)
21 February 2013 Sir,

kindly tell me that when should the repairs should be capitalized?
what criteria must it satisfy to be capitalized?
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Amit Ashok Chawla

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Amit Ashok Chawla (Expert)
22 February 2013 The repairs should expect to give future economic benefits (for example, by way of increase in capacity or life of asset). Only then, these are capitalised, not otherwise.

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