Installation exp and shifting exp of AC copper pipe
This query is : Resolved
05 December 2024
If office has been shifted and old AC are also shifted, copper pipe purchased for reinstalling AC are to be capitalized?
05 December 2024
Many organizations have a specific cost threshold for capitalizing assets. If the cost of the copper pipes exceeds this threshold, they can be capitalized. Or If the cost of the copper pipes is material to the overall cost of the AC system or the organization's financial statements, they should be capitalized.
However, if the copper pipes are considered a minor repair or maintenance expense, they can be expensed.
However, if the copper pipes are considered a minor repair or maintenance expense, they can be expensed.
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