capital spares
Jitender (C.A.) (33 Points)
09 September 2018
Spares purchased after 6 month of installation of machinery should be capitalized?
3 Replies
Rohit Tibrewal
(Student & Senior Accountant)
(3193 Points)
Replied 09 September 2018
Whether it's a repair or integral part of the machinery please explain.
If it's a small part you can take it as repair and maintenance on plants and machinery.
If it's a small part you can take it as repair and maintenance on plants and machinery.
Jitender
(C.A.)
(33 Points)
Replied 03 October 2018
Spares purchase are intergal part of the machinery without which machine cannot work.
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