revenue or capitalised

This query is : Resolved 

26 June 2009 sir,

1.We purchase the m.s pallets which use in put the final product in this pallet
2. we also purchased the pallet truck for
pallet movement ( say trolley)

whether it will be capitalised or revenue???




26 June 2009 According to the nature of the item it should be capitalised both m.s. pallets as well as pallet truck.



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