A road construction contract was terminated after 50% of work finished and restarted after 2 years. In the 2 years time some maintenance expenses were incurred on the completed road. The maintenance expenses incurred on the completed road will be revenue expenditure or capital expenditure?
Menu
Recognition of expenditure as revenue or capital expenditure
Replies (1)
Defferrd rev expndtre bcoz it will give benefit for 2 or 3 years only. So u can consider ad defferrd revenue expenditure or revenue rxpndtre bt not capital.
Recent Threads
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
Related Threads
CAclubindia
