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Capitalization of spare parts for vehicles

This query is : Resolved 

18 June 2014 Purchase of spare parts for vehicles shown in Repairs and maintainence.... us it be capitalized?

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Guest

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Guest (Expert)
18 June 2014 DEPENDS.. IF THAT PART HAS INCREASED THE LIFE OR EFFICIENCY OF VEHICLE THEN ONLY U CAN CAPITALIZE IT .. OTHERWISE BETTER TO EXPENSE IT OF WHATEVER COST IT IS........



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