Relevant as for amortizing/depreciating revenue expenditure

AS 142 views 1 replies

Hii All,

I would like to depreciate refurbishment expenditure whose benefit will be availed for a period of 3 years. Since nature of expenditure is of repairs/refurbishment, I would like to have relevant AS under which the same could be amortised over a period of 3-5 years.

Thanks in Advance

Replies (1)

refer AS-10, subsequent expenditure after put to use topic. you can get the clarity about your query.


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