Office renovation exps

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Smrity

(Querist)
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10 July 2023 Hello All,

Renovation of office taken on lease for 5 years, should it be capitalized or shown as expense.

Dhirajlal Rambhia (Expert)
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10 July 2023 Amortize the expense for the period of five years.

Smrity

(Querist)
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20 July 2023 Thank your sir for the reply

Dhirajlal Rambhia (Expert)
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20 July 2023 You are welcome.

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